SINGAPORE: Ministers and other political appointment
holders, from Parliamentary Secretary to Deputy Prime Minister,
will get a pro-rated National Bonus of 1.618 months in
March.
The National Bonus was a recommendation of the White
Paper on "Salaries for a Capable and Committed Government" that was
endorsed by Parliament in January 2012.
Based on the approved formula, the 2011 National
Bonus is 2.625 months, but since the new salaries took effect on 21
May 2011, the pro-rated amount will be 1.618 months.
The Public Service Division announced this on
Monday.
All political appointment holders (Parliamentary Secretary
to Deputy Prime Minister) will get the same National Bonus rate to
reflect their joint contributions as part of the Cabinet. The Prime
Minister will get twice the rate as he does not get a performance
bonus.
The National Bonus provides a direct link between the salaries of
political appointment holders and the socio-economic progress of
average- and lower-income Singapore citizens and the growth of
Singapore.
The National Bonus is based on four socio-economic indicators with
each accounting for 25 percent of the payout. The payout matrix is
tabled below. The payout ranges from zero to six months and
political appointment holders will get three months if the targets
for the indicators are met.
-- CNA
