Welcome to 4th qtr of 2018! 3 more months b4 end of 2018!!
"Ministerial salary structure totally transparent, with no hidden perks: DPM Teo
SINGAPORE: The salary structure for Singapore’s ministers is “totally transparent” and “there are no hidden components or perks”, said Deputy Prime Minister Teo Chee Hean in Parliament on Monday (Oct 1).
In mid-September, the Government moved to debunk what it called “falsehoods” about ministerial salaries - such as, among others, Prime Minister Lee Hsien Loong being paid a total of S$4.5 million.
He said bonuses depended on the actual performance of individuals as well as Singapore’s national outcomes each year, namely the real median income growth rate; the real growth rate of the lowest 20th percentile income of Singaporeans; the unemployment rate; and the real GDP growth rate.
Later, in response to a supplementary question by Mr Yam, Mr Teo also confirmed that ministerial pensions had been discontinued in 2012, with “no hidden benefits”.
Mr Teo pointed out that the opposition Workers’ Party (WP) had, in 2012, endorsed the White Paper’s principles of salary determination - and added that the formula proposed by WP then would have resulted in the same total annual salary for entry-level ministers."
Well, there u hv it. Total income for an entry minister is S$1.1m MAXIMUM!! As for the PM, his max is S$2.2m with variable max of 35%
More importantly, the main opposition party, the Workers' Party, had no disagreements with the 2012 Wage Model by the government!
So, 1 hot topic for future GE removed?
Let's wait n see!!
"Ministerial salary structure totally transparent, with no hidden perks: DPM Teo
SINGAPORE: The salary structure for Singapore’s ministers is “totally transparent” and “there are no hidden components or perks”, said Deputy Prime Minister Teo Chee Hean in Parliament on Monday (Oct 1).
In mid-September, the Government moved to debunk what it called “falsehoods” about ministerial salaries - such as, among others, Prime Minister Lee Hsien Loong being paid a total of S$4.5 million.
He said bonuses depended on the actual performance of individuals as well as Singapore’s national outcomes each year, namely the real median income growth rate; the real growth rate of the lowest 20th percentile income of Singaporeans; the unemployment rate; and the real GDP growth rate.
Later, in response to a supplementary question by Mr Yam, Mr Teo also confirmed that ministerial pensions had been discontinued in 2012, with “no hidden benefits”.
Mr Teo pointed out that the opposition Workers’ Party (WP) had, in 2012, endorsed the White Paper’s principles of salary determination - and added that the formula proposed by WP then would have resulted in the same total annual salary for entry-level ministers."
Well, there u hv it. Total income for an entry minister is S$1.1m MAXIMUM!! As for the PM, his max is S$2.2m with variable max of 35%
More importantly, the main opposition party, the Workers' Party, had no disagreements with the 2012 Wage Model by the government!
So, 1 hot topic for future GE removed?
Let's wait n see!!
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