hahaha...either u are bullshitting or your senior perm sec friend bluffed u...
there is no way it can be 36 months...
pse go and refer to the white paper on minister salary...
.
hence the max variable pay (bonus) is 13.5months......
The Govt stopped publishing the salaries scale of superscale officers in the early 1990s, same time that they stopped stopped citizen umber choosing to use "residents".
There can only be only reason why this is no longer transparent. It cannot be because to save ink.
The very first principal private secretary to the old man was given only one piece of advice by the World's longest serving cabinet secretary on the first day on the job. That advice was "blood is thicker than water" He knew what was meant and in his later years to face became very religious. I suppose he could not live with himself and Sunday became an opportunity to cleanse his soul. Sadly a very nice, capable and well respected man.
hahaha...either u are bullshitting or your senior perm sec friend bluffed u...
there is no way it can be 36 months...
pse go and refer to the white paper on minister salary...
.
hence the max variable pay (bonus) is 13.5months......
Prior to the 2011 review, the listed maximum is 25 months plus 13 mths but there is also a Special Variable Component where there is no cap. After the review its 26.5 mths including annual fixed salary and the SVP with no cap still remains. In the corridors of power it was justified on the need to have a sign-on bonus for those who made more in the private sector.
He is just a PAP cock swallower, he can't help it. Born that way.Eh lanchiau.....u know for a fact that got no perforamnce bonus or you doing your paid ib shit here again to spread more disinformation so as to protect your bosses?
Nbccb....
hahaha...u got bank book to prove to prove or not...That does not include his salary and bonus as Chairman of GIC, plus his partial retirement draw as a BG (Ret) fromn the SAF. Add up every thing, it can be the equivalent of 36 months bonuses. Get it? Fucktard.
There are no similarities whatsoever. In Singapore, the salaries of the ministers, perm secs, judges, PM etc are transparent and are public knowledge.
They have been approved by Parliament, the highest court of the land and even more importantly, have been endorsed by the Leader of the Opposition and his Party as being justifiable and equitable.
... Only stupid gong-char-char Sammy Leong who keeps on praising those shameless bastards!
hahaha...u got bank book to prove to prove or not...
don't just cum in and make wild allegations lah....
hahaha....blah, blah, blah...His bankbook would show a lot more than that. It will have income from his investment properties, income from the inheritance in shares and properties he got from his mother, his overseas income, etc. The onus is on you to produce his bankbook and prove me wrong, asshole.
hahaha....bullshitting again....The Govt stopped publishing the salaries scale of superscale officers in the early 1990s, same time that they stopped stopped citizen umber choosing to use "residents".
There can only be only reason why this is no longer transparent. It cannot be because to save ink.
.
PRESS RELEASE 2011 National Bonus for Political Appointment Holders
The National Bonus, a recommendation of the White Paper on “Salaries for a Capable and Committed Government”, which was endorsed by Parliament in January 2012, has been calculated for political appointment holders.
Based on the approved formula, the 2011 National Bonus is 2.625 months (see calculations below), but since the new salaries took effect on 21 May 2011, the pro- rated amount will be 1.618 months, to be paid in March 2012.
Real Median Income Growth rate for Singapore Citizens
Real Growth Rate of Lowest 20th Percentile Income for Singapore Citizens
Unemployment rate of Singapore Citizens
Real GDP Growth rate
2011 Figure
Payout Level
2011 Figure
Payout Level
2011 Figure
Payout Level
2011 Figure
Payout Level -0.6% 0% 1.8% 50% 3.0% 200% 4.9% 100% National Bonus Payout Level (%) = 0.25*(0%) + 0.25*(50%) + 0.25*(200%) + 0.25*(100%) = 87.5% National Bonus Quantum (months) = 87.5% * (3 months) = 2.625 months for the full year 2011 Prorated for the period from 21 May to 31 Dec 2011 = 1.618 months
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% of the payout. The payout matrix is tabled below. The payout ranges from 0 to 6 months and political appointment holders will get 3 months if the targets for the indicators are met.
Payout Level
Real Median Income Growth rate for Singapore Citizens
Real Growth Rate of Lowest 20th Percentile Income for Singapore Citizens
Unemployment rate of Singapore Citizens
Real GDP Growth rate
Targets 0% <0.5% <0.5% 5% and above <2% 50% 0.5% - <2% 0.5% - <2% 4.5% - <5% 2% - <3% 100% 2% - <3% 2% - <3% 4% - <4.5% 3% - <5% 150% 3% - <4% 3% - <4% 3.5% - <4% 5% - <7% 200% 4% and above 4% and above <3.5% 7% and above
The annual salary (S) of political appointment holders is made up of a fixed pay component (F) and a variable pay component (V), i.e. S = F + V. The amount in F is equal to 13 months of his monthly salary. V comprises the annual variable component (AVC), performance bonus and National Bonus. The total AVC paid for 2011 is 1.25 months plus $250. Performance bonus is decided by the Prime Minister and ranges from 0 to 6 months, with a good performer getting 3 months.
See http://www.psd.gov.sg/WhitePaper_WhitePaper for details on the National Bonus.
_____________________________________________________________
Issued by: Public Service Division Prime Minister’s Office
Date: 26 March 2012
Honestly, my hunch is Leongsam is anti-PAP. He is merely balancing things up in this forum. An intelligent chap like Leongsam cannot be fooled so easily.
Sam you fucking retard, the salaries are not transparent and open to the public. If they are transparent, than they should just file their tax return and allow the public to see it, like Obama and other senior US politicians do. Take our PM Gay Loong for example. If his salary and bonuses are so transparent and public knowledge, can you tell me what it is? You would have to add up his PM salary and bonus, his Chairman of GIC salary and bonus, and his retired BG pay from the SAF. U got this number you claim is public knowledge, please share with us, or else shut the fuck up.
Hahaha.....better stick to making wild allegations lah....Prior to the 2011 review, the listed maximum is 25 months plus 13 mths but there is also a Special Variable Component where there is no cap. After the review its 26.5 mths including annual fixed salary and the SVP with no cap still remains.
The salary of ministers is public knowledge and the bonus range is also public knowledge so the public will be aware of the maximum amount a minister can earn.
There is therefore no room for abuse.
Office holders should declare and make public their salaries, bonuses, assets, investments etc. Nothing to be ashamed being rich. Dr Michael Lim wasnt. Why? He earned it. Nothing to hide.
I am sure Hen and Shan have healthy bank accounts and investments. They made it while in private practice. Nothing to be ashamed. So, what's stopping Pinky? His own wealth?