Ministerial Salary Review
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but i think for one person, pay not enough.. and that is the PM..
in order to be PM, his father forced him to marry that ugly man... and for that, he should be paid a shitload more for his suffering and misery
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okay.. like the dwarves in Snow White sang:
i owe, i owe..
it's off to work i go...
but more apt is Mr Brown's song
=> Paycut
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Wage cuts between 36 and 53% recommended for political appointments
SINGAPORE: The Review Committee, appointed by the Prime Minister to look at Ministerial salaries, has recommended cuts of between 36 and 53 per cent.
This was disclosed by Committee Chairman, Gerard Ee, on Wednesday at a news conference.
The Committee was appointed after the general election in May last year, and had submitted its report to the Prime Minister on December 30.
Prime Minister Lee Hsien Loong had announced the review at the swearing-in ceremony of the new cabinet in May last year.
Among the recommendations made are the Prime Minister's annual salary to be cut by 36 per cent, to S$2.2 million.
The annual salary of ministers will be cut by 37 per cent, to S$1.1 million.
The President's annual salary is reduced by 51 per cent, to S$1.54 million.
The Speaker of Parliament will see the biggest percentage cut of 53 per cent, to S$550,000.
Previously, salaries were pegged to the median income of the top 48 earners in Singapore, with a one-third discount.
Now, they will be pegged to the median income of the top 1,000 earners who are Singapore citizens.
A 40 per cent discount will then be applied.
Based on 2010 figures, the proposed salary for entry-level ministers works out to S$1.1 million.
The committee also recommended changes to bonus payments, pensions and benefits under the new pay structure.
The committee has recommended that the GDP bonus be removed, and replaced by a National Bonus.
The National Bonus comprises four elements - including the unemployment rate, real median income growth, GDP growth and the real income growth of the bottom 20 per cent of wage earners.
Chairman Gerard Ee said the salary must be a "clean wage" with no hidden perks.
He said: "Our recommendations, while it is a severe cut, should be able to attract not all, but some of the talents to come forward.
"But preserving the message that you're coming forward to serve in a political capacity, and there is some sacrifice to be made.
"The 1,000, basically is, first take note that it's based on Singaporeans only, and eliminate the PRs and everybody.
"So we say if the talent pool from which we want to tap, if we were to hunt for them, we believe if they were to be functioning outside of politics, that's where we're going to locate them."
The new salary will be backdated to 21 May last year, when the new government took office.
MPs will debate the report when Parliament sits for a second session 16 January.
Parliament's first sitting for this year will be on 9 January. It's expected to focus on several questions tabled on the recent flooding and the spate of MRT disruptions.
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the speaker is not a full-time position yet draw a million a year???
proposed cut to 550k.
it is still too high. and why do MPs need to be paid so much?
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otherwise TPL cannot buy her kate spade
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Still can aspire to make million dollar salaries.
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Haiz.......
More corruption in government now.
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being a pm is the highest paying goverment job in the world
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they will revise upwards after budget day.
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Just follow USA , what Obama gets, PM gets. Very good oredi.
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http://sg.news.yahoo.com/ministerial-pay-should-be-cut-by-37---panel.html
Comments are worth reading.
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Chinaman • Singapore, Central Singapore •
Any elected Ministers pay over $1 million is too much for a small island state like SINGAPORE!! This cut just a big wayang... to try make "GOOD" for the years they been ripping off our money..making themselves the highest pay ministers in the world!!
1 Reply -
Lightning Blues • Singapore, Central Singapore •To all the voters of Opposition and particularly Aljunied GRC and to those who voted for Tan Cheng Bok instead of TT.Thanks for your moral courage.
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Thong Yok • Singapore, Central Singapore •There is moderation but no real change of old mindset. Why can't our politicians be paid similar to leaders in other developed economies? Such high salary structure were previously justified by the need to attract best people to enter politics and the fact that politicians elsewhere making a lot... More
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A S • Singapore, Central Singapore •
I would like to thanks 54% AJUNIED VOTERS + 64% HOUGANG VOTERS + all voters who voted for opp parties.
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Of course Workers' Party too.
Thank you Mr Low T K and teams and volunteers. -
Observer • Singapore, Central Singapore •
At least this is a start. Suggest another review in two years' time.
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Colin G • Singapore, Central Singapore •Remember there's one issue about urging the government to sell HDB at a lower and affordable price, that rat face Mr Mah said by doing so, it will be like "raiding" the country's reserves. Can i ask, with those amount of $$ Overpaid to our president, PM, ministers and the whole bunch of top civil... More
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NGO • Singapore, Central Singapore •
Sin Ming press stated that from the past, MIW drawn 27.5 mths bonus. What the joke!!!!
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Ronnie • Singapore, Central Singapore •
Should be much more lower as most them are holding other positon in the corporate world,
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1.1 1.5 2.2mill still extreme high -
Mona • Singapore, Central Singapore •What makes a good Minister? There may be differences of opinion but, fundamentally, political leadership is a different creature from administration.
38 Replies
... More
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I read one of the yahoo comments stated that a newspaper quoted they got 27 months bonus.
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Oh there it is.
27.5 months bonus.
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so now they just change the system to increase bonus?
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wa I also wan run to be MP liao.
27.5 months!! That is 2 years of bonus!!
I work 5 years (1 term) can off for 10 years!!! -
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Dragon • Singapore, Central Singapore •
If the median income of Singaporeans is not the highest in the world, I don't see why our leaders deserve the highest pay among the world leaders. Those countries with median income of citizens many times higher than Singapore are governed by capable leaders whose pay are many times lower than Singapore leaders. So it is case of leaders who are in the job to enrich themselves or to enrich the citizens they govern..
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Like i said salary review is just a wayang. ultimately there is no much difference.
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Originally posted by the Bear:
but i think for one person, pay not enough.. and that is the PM..
in order to be PM, his father forced him to marry that ugly man... and for that, he should be paid a shitload more for his suffering and misery
After the pay revision, who will be earning more?
PM or CEO Temasek Holding.
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Originally posted by winsomeea:
Like i said salary review is just a wayang. ultimately there is no much difference.
They can factor in the variable bonus, and various allowances.
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So what does the review reveal? All overpaid ? For how many years overpaid? Why? Who was responsible for the over payment all these years?
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Originally posted by the Bear:
okay.. like the dwarves in Snow White sang:
i owe, i owe..
it's off to work i go...
but more apt is Mr Brown's song
=> Paycut
I like the comment that says "2 mp came and dislike the video"
hahaha
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Originally posted by motoway:
Wa mai lai.. Wa mai...
Last time i use to work on the ground with the volunteers.. the MPs hor.. really alot of ball carriers around them. Until we call the MPs Lao Fuo Ye..
No wonder most have the elitist mindset..
i agree with your last statement. recent encounter once again reminded me how they view everyone as L.C.
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