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Thread: Ministers' salary raise is out!

  1. #1
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    Default Ministers' salary raise is out!

    http://www.straitstimes.com/portal/s...00430a0a0aRCRD
    MINISTERS' salary will rise to $1.6 million from $1.2 million by end of this year.
    Announcing the pay rise, Minister in-charge of civil service, Teo Chee Hean said on Monday, ministers' pay will be raised further to $1.94 million by end of 2008.
    Their increment sure beat most of us
    Sony Alpha 700 hobbyist

  2. #2
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    Default Re: Ministers' salary raise is out!

    33% raise. ok lah.. can clock that with a single job hop for many.
    but the rise already charted out even before performance is evaluated?
    2nd year from 1.6 to 1.94 only 21.25% increment.

    I wish my company will do that man
    “How fortunate for leaders that men do not think.” - Adolf Hitler

  3. #3
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    Default Re: Ministers' salary raise is out!

    *snap*

    BANZAI!!! BANZAI!!! BANZAI!!!
    HAHAHAHAHAHAHAHAHAHA~~

  4. #4

    Default Re: Ministers' salary raise is out!

    ... Banzai Xiao Man Tou?...

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    Default Re: Ministers' salary raise is out!

    Sorry, something snapped up there, so forgive me for my temporary lapse into a split-second madness.

  6. #6

    Default Re: Ministers' salary raise is out!

    Quote Originally Posted by jsbn View Post
    Sorry, something snapped up there, so forgive me for my temporary lapse into a split-second madness.
    ...

    I suppose you thought that the increment was not enough?

  7. #7
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    Default Re: Ministers' salary raise is out!

    More detail info:
    http://www.straitstimes.com/portal/s...00430a0a0aRCRD
    MINISTERS' salaries will rise from the current $1.2 million a year to $1.6 million by the end of 2007.
    Announcing the revisions in a ministerial statement in Parliament, Defence Minister Teo Chee Hean - who's also minister in charge of the civil service - said this will put the salaries at 77 per cent of the private sector benchmark, up from the current 55 per cent.
    Ministers and top Administrative Service officers now have their annual salaries benchmarked at two-thirds the median income of the top 48 earners across six private sector professions.
    Based on this calculation, ministers' salaries should stand at $2.2 million, instead of the current $1.2 million.
    To narrow this gap further, ministers' salaries will go up again from $1.6 million this year to $1.9 million - or 88 per cent of the benchmark - by the end of 2008.
    Car allowance out, GDP bonus in
    Mr Teo also announced that the car allowance for such appointment-holders, which now stands at 2.5 per cent of their pay, will be scrapped.
    In its place, their salaries will be tied more closely to the performance of the economy via a GDP (Gross Domestic Product) bonus, as well as their individual performance via a performance bonus.
    For example, if economic growth exceeds 5 per cent, such officers will receive 3 months bonus. If GDP growth hits 10 percent or more, they can expect to get up to 8 months bonus.
    As for the individual performance bonus, this is expected to make up a bigger portion - from about 2 months a year now to 7 months.
    From PM to retired officers to fresh grads
    Prime Minister Lee Hsien Loong's annual salary, Mr Teo also revealed, will stand at $3.1 million after the new revisions. This will elevate Mr Lee from the 164th position among all income earners in Singapore now to 102nd.
    Speaking to a packed House in a one-hour address, Mr Teo also had good news for the MPs themselves. Their monthly allowance will also go up from this month from $11,900 to $13,200.
    Former office-holders, ex-MPs and civil service pensioners will also receive ex-gratia payments, while existing officers in the management executive scheme, management support scheme, the uniformed services and the foreign service can get up to an extra 1.5 months.
    To attract new entrants, even starting salaries will go up from June. A fresh graduate with a good honours degree, for example, can look forward to a 10 percent jump in starting pay.
    3-day debate in Parliament expected
    The bottomline, Mr Teo explained, is that 'financial rewards' should not be the main motivation for people to join politics or the civil service. But neither should pay, he added, be the reason for them 'not to join us'.
    Now that the long-awaited ministerial statement has been delivered, the House is expected to sit for 3 days until Wednesday, with many backbenchers - from the *** to Nominated MPs to opposition MPs - scheduled to speak on this highly emotive topic. The Front Bench themselves may well join in as well, before Mr Teo responds and wraps up the debate on the final day.
    I wonder why they still need to debate over it when everything already being set
    Sony Alpha 700 hobbyist

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    Default Re: Ministers' salary raise is out!

    They should consider outsourcing the ministers' job. For sure can cut cost.

  9. #9

    Default Re: Ministers' salary raise is out!

    Quote Originally Posted by hazmee View Post
    They should consider outsourcing the ministers' job. For sure can cut cost.
    ...

    ...Given the quality of the people who do outsourced jobs sometimes.. I don't think I want to risk it.. =D

  10. #10
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    Default Re: Ministers' salary raise is out!

    Quote Originally Posted by hazmee View Post
    They should consider outsourcing the ministers' job. For sure can cut cost.


    Good idea hor. Ang Moh are more clever and handsome, XiaXue confirm lub our minister dip dip den.

    seriously, when are the rest of Singaporean getting a raise ???????????

    U want to huat, dun huat alone.

    Huat alone, later 4 years sweat on TV again.
    陳綺貞 2010 [夏季練習曲] 巡迴演唱會 Cheer Concert 13 Nov 2010 MAX Pavilion@Singapore Expo

  11. #11
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    Default Re: Ministers' salary raise is out!

    who cares about that 2.5% transport allowance man.. give me a 33% pay rise anytime.
    “How fortunate for leaders that men do not think.” - Adolf Hitler

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    Default Re: Ministers' salary raise is out!

    *snap*

    Hahahahahahahahahahahahahahahahahahahahaha...

  13. #13
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    Default Re: Ministers' salary raise is out!

    Quote Originally Posted by jsbn View Post
    *snap*

    Hahahahahahahahahahahahahahahahahahahahaha...
    Why u so happy, chiu the minister for monitoring Singapore forums ?

    Dun huat alone hor. must share share. ppl getting ANGRY liao
    陳綺貞 2010 [夏季練習曲] 巡迴演唱會 Cheer Concert 13 Nov 2010 MAX Pavilion@Singapore Expo

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    Default Re: Ministers' salary raise is out!

    Quote Originally Posted by jsbn View Post
    *snap*

    Hahahahahahahahahahahahahahahahahahahahaha...
    you must be a minister also!!!!!!! share leh!!
    “How fortunate for leaders that men do not think.” - Adolf Hitler

  15. #15
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    Default Re: Ministers' salary raise is out!

    Sorry, snapped some stuff up there in my brain thus.

    I wish I'm laughing happily but have u seen ppl laugh and cry in the same breath (minus babies)?

  16. #16
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    Default Re: Ministers' salary raise is out!

    Quote Originally Posted by yanyewkay View Post
    you must be a minister also!!!!!!! share leh!!
    YES!!! YES!!!!! 70-200VR AND 70-200IS f/2.8 FOR EVERYBODY!!!!

    HAHAHAHAHA~~~~~

  17. #17

    Default Re: Ministers' salary raise is out!

    Huat ahhh!!!!! Huat ahhh!!!! Huat ahhh!!!!!

  18. #18
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    Default Re: Ministers' salary raise is out!

    Quote Originally Posted by jsbn View Post
    Sorry, snapped some stuff up there in my brain thus.

    I wish I'm laughing happily but have u seen ppl laugh and cry in the same breath (minus babies)?
    Bonus coming eh...

    Diamond ricebowl ju si Diamond ricebowl... match with Diamond water is divine...
    Logging Off. "You have 2,631 messages stored, of a total 400 allowed." don't PM me.

  19. #19
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    Default Re: Ministers' salary raise is out!

    I will definitely vote for jsbn for the next elections! LOL!!

  20. #20

    Default Re: Ministers' salary raise is out!

    Quote Originally Posted by Static View Post


    Good idea hor. Ang Moh are more clever and handsome, XiaXue confirm lub our minister dip dip den.
    ...Xiaxue as benchmark...

    That is a very very bad nightmare indeed!

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