I thought pap salary is still Number 1, way ahead of every other country's
-
IP addresses are NOT logged in this forum so there's no point asking. Please note that this forum is full of homophobes, racists, lunatics, schizophrenics & absolute nut jobs with a smattering of geniuses, Chinese chauvinists, Moderate Muslims and last but not least a couple of "know-it-alls" constantly sprouting their dubious wisdom. If you believe that content generated by unsavory characters might cause you offense PLEASE LEAVE NOW! Sammyboy Admin and Staff are not responsible for your hurt feelings should you choose to read any of the content here. The OTHER forum is HERE so please stop asking.
PAP low life ..check this out..
- Thread starter tonychat
- Start date
I thought pap salary is still Number 1, way ahead of every other country's
They are still grossly overpaid. The PM should be paid no more than the mayor of a big city in another developed country. And the public sector should be trimmed and its hierarchical structure made more flat.
Sorry, I mistakenly thought Australia and Hong Kong salaries is by month. It's by year, so you are correct, Singapore is no. 1.
Ministerial salaries here are still #1 in the world, by a long way. Entry-level minister still earns more than Obama.
<header class="entry-header" style="box-sizing: border-box; display: block; ">Singapore ministers world’s highest paid after pay cuts
<time class="entry-time" itemprop="datePublished" datetime="2012-01-04T17:33:59+00:00" style="box-sizing: border-box; ">Wednesday, January 4, 2012</time> By Abhijit Nag
</header>“Even with the 36% pay cut, Prime Minister Lee Hsien Loong will still be one of the highest-paid political leaders in the world with S$2.2 million ($1.7 million, £1.08 million) a year, reports the BBC.
The fact is, not just PM Lee, all Singapore ministers and President Tony Tan will continue to be among the highest paid leaders in the world.
Even an entry-level Singapore minister, after the proposed pay cut, will continue to be paid more than US President Barack Obama.
The Committee to Review Ministerial Salaries headed by Gerard Ee in itsreport proposed:
A Minister at the MR4 grade (i.e. entry-level grade) should be paid an annual salary of S$1,100,000, a cut of 37%. A Minister at the lower end of this grade will start at an annual salary of S$935,000 (about $728,000).
In comparison, US President Barack Obama earns about $400,000 a year.
The Committee to Review Ministerial Salaries proposed:
The President’s annual salary should be cut by 51% to $1,540,000. The Prime Minister’s annual salary should be cut by 36% to $2,200,000.
Despite the pay cut, Lee’s salary will still be three times that of Hong Kong Chief Executive Donald Tsang, the world’s next highest-paid political leader who takes home about $550,000 a year.
Australian Prime Minister Julia Gillard will get about A$480,000 a year under proposals unveiled recently while U.S. President Barack Obama earns about $400,000.
1. Lee Hsien Loong (Singapore): $2,183,516
2. Donald Tsang (Hong Kong): $513,245
3. Raila Odinga (Kenya): $427,886
4. Barack Obama (United States): $400,000
5. Nicolas Sarkozy (France): $302,435
6. Stephen Harper (Canada): $296,400
7. Mary McAleese (Ireland): $287,900
8. Julia Gillard (Australia): $286,752
9. Angela Merkel (Germany): $283,608
10. Yoshihiko Noda (Japan): $273,676
There had been some changes since then with a big pay rise on the cards for the Australian Prime Minister Julia Gillard while PM Lee faces a salary cut but will still be paid more than the others. Incidentally, all the highest paid leaders except the Kenyan prime minister represent developed countries that do well on global competitiveness rankings.
The Committee to Review Ministerial Salaries says:
The new salaries are based on our recommendation to benchmark the MR4 Minister’s salary to the median income of the top 1,000 earners who are Singapore citizens and with a 40% discount to signify the ethos and sacrifice that comes with political service. This benchmark is based on a larger pool that does not specify occupations and covers only Singapore Citizens, the pool of talent that our political leaders will be drawn from.
Based on the IRAS Year of Assessment 2011 income data, the new benchmark figure is $1,100,000.
The committee says:
While we appreciate the reasons for pension payment and note that political appointment holders in other countries do draw a pension, our recommendation is to remove the pension scheme for all political appointment holders, and adopt only the Central Provident Fund system which is the basic retirement scheme for Singaporeans. The CPF payments will be subject to the usual contributions cap.
With this recommendation, political appointment holders appointed on or after 21 May 2011 will not receive any pension. For office holders who were appointed before 21 May 2011, they will have their pension frozen, ie they will only be eligible for pension accrued up to 20 May 2011. The frozen pension will be paid when they step down or retire from office.
And Uruguay keeps making it to World Cup, with a population smaller than PeeSai... and their GDP real growth rate puts peesai to shame..
Real GDP Growth Rate (%)
Country 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Uruguay -2.5 -1.1 -1.5 -10.5 2.5 10.2 6.8 7 7.4 8.9 2.9 8.5 5.7
Real GDP Growth Rate (%)
Country 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011
Uruguay -2.5 -1.1 -1.5 -10.5 2.5 10.2 6.8 7 7.4 8.9 2.9 8.5 5.7
Similar threads
