Civil servants to get two-month bonus in December
Posted: 27 November 2007 1723 hrs
SINGAPORE : Next month, the Government will pay civil servants a
year-end Annual Variable Component (AVC) of one month on top of the
13th month bonus.
On top of that, eligible civil servants will be paid a new
performance-based Growth Bonus next March.
Payable in times of exceptional economic performance, this bonus
varies in amount depending on individual performance and aims to
strengthen the link between performance and pay.
Good performers will receive 0.5 month of Growth Bonus, and better
performers will receive more, up to 0.8 month.
In a statement, the Public Service Division said the economy has
performed better than anticipated this year.
The Trade and Industry Ministry has forecast that the Singapore
economy is expected to grow by 7.5 to 8 percent this year.
The unemployment rate has fallen from 2.7 percent last year to 1.7
percent, with a record high of 171,500 jobs created in the first 9
months of 2007.
In July this year, the Government paid civil servants a mid-year
AVC of 0.5 month and a one-off payment of $220, in line with the
call by the National Wages Council for employers to help low wage
workers.
The total variable payment for 2007 is 2.5 months + $220, not
including the Growth Bonus.
With the Growth Bonus, the total payments for a good performer will
be 3 months + $220 for 2007, compared to 2.7 months + $220 in
2006.
