SINGAPORE: The Ministry of Education has announced that principals
and teachers will get a higher pay package starting next
year.
Under a new initiative called Grow 2.0, the pay packages for
principals and teachers will jump between 12 and 18 per cent.
The new package costs the government S$380 million per year and it
will come into effect from April 2008.
Teachers can also expect bigger bonuses which will be based on
performance.
Under the new package, a classroom teacher with three years
experience can see his or her annual pay package rise from S$52,
000 to S$58,000. And for an outstanding performer, the new package
can mean a jump from S$55,000 to S$65,000.
The Ministry of Education said it is targeting to have 30,000
teachers employed by 2010.
Currently it has about 29,000.
Last year the resignation rate for teachers was three per cent,
half a percentage point more than the previous year. - CNA/ac
