Modest year-end payment for civil servants
Posted: 26 November 2009 1741 hrs
SINGAPORE: Civil servants will receive a one-off year-end
payment of 0.25 month, capped at $750. This is in addition to the
13th month payment.
The Public Service Division said that the one-off payment is being
made as there will be no Annual Variable Component (AVC) payment
for 2009.
It said in a news release that rank and file staff will get the
full 0.25 month payment while the $750 cap will help maintain wage
restraint
The PSD added that the one-off payment is in line with the call by
the Tripartite Partners(employers, unions and government) to
acknowledge employees’ support for wage restraint and the work they
have put in to help deal with the recession.
Commenting on the year-end payment, Mr Teo Chee Hean, Deputy Prime
Minister and Minister in charge of the Civil Service, said: “We
have yet to see a sustained recovery; hence, we are taking a
cautiously optimistic and balanced approach in giving a modest
one-off year-end payment.
“We want to recognise the willingness of civil servants to accept
an overall reduction in annual wages, and their hard work during
the crisis to help the economy turn around while exercising wage
restraint. We will need to continue to adapt to the changed
circumstances and find new ways of growing the economy,” he
added.
The PSD noted in its release that even with the one-off payment and
13th month payment, the annual salaries of civil servants in 2009
will fall by 8% to 22% compared to 2008, and those in senior
positions will experience the largest drop.
It said that with no AVC or GDP bonus being paid this year to
Administrative Officers,Political, Judicial and Statutory
Appointment Holders, the 2009 annual salary for the Ministerial
Grade (MR4) will fall by 22% to $1.49m, and that for entry
Superscale grade (SR9) will fall by 15% to $338,100.
The PSD added that in view of the uncertain economic recovery, the
Government will continue to defer salary adjustments for
Administrative Officers, Political, Judicial and Statutory
Appointment Holders.
- CNA/sf
http://www.channelnewsasia.com/stories/singaporelocalnews/view/1020734/1/.html
0.25 months of bonus which is capped at $750.. Real great news
man.. zzz...
