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<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top> Coffeeshop Chit Chat - Liar, liar, pants on fire?</TD><TD id=msgunetc noWrap align=right> </TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"> </TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>PAPalBull <NOBR></NOBR> </TD><TD class=msgDate width="30%" noWrap align=right>4:28 am </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right> (1 of 2) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"> </TD><TD class=wintiny noWrap align=right>43731.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD class=msgtxt>
Lee also revealed that he had donated to charity all his earnings of S$13 million ($10 million) since stepping down as prime minister in 1990 after 31 years in power.
- MySinchew 2011.01.23
Errrrrr, Riiiiiight! He earned only $13 million in 20 years ?????
That's an average of $600k per year if you ignore all the hidden income like mid-year bonus, year-end bonus, Performance Bonus, GDP Bonus, CPF/PENSION, other perks, etc., etc., etc.
In 1994 GCT was already drawing a basic salary of $586,800 a year. In October of that year they began to promote the obscene salary package that we vomit at today.
By April 2007, the Prime Minister's annual salary increased to S$3.1 million (US$2.05 million) with a commensurate increase for his cabinet.
In 2010, the Minister Mentor was paid $3.5m. Just his last 4 years income alone amounted to at least $10m.
I ask you, is it credible that Lee Kuan Yew earned just $13 million dollars since 1990? Is it?
These are the pension rights that the PAP government reserves for itself while the rest of you serfs see your CPF recede out of reach with every passing year:
Persons who have reached the age of 50 years and retired as MPs and who have served in this capacity for not less than nine years may be granted a pension for the rest of their lives. The annual amount payable is 1⁄30 of the person's highest annual salary for every completed year of service and 1⁄360 for every uncompleted year, up to a ceiling of two-thirds of the Member's annual salary.
In addition, a retired MP who is at least 50 years old and has for not less than eight years held the office of Prime Minister, Deputy Prime Minister, Senior Minister or Minister may receive an additional pension each year of 1⁄27 of his or her highest annual salary for each completed year of service and 1⁄324 for each uncompleted year, subject again to a ceiling of two-thirds of the office-holder's annual salary.
Members who have reached the age of 55 years and have served not less than eight years as Ministers may be granted a pension even if they have not yet ceased to hold office. No person has an absolute right to compensation for past services or to any pension or gratuity, and the President may reduce or withhold pensions and gratuities upon an MP's conviction for corruption.
OK now, hands up all those who want to be in the Foreigner's Action Party government and be pampered at taxpayer's expense for the rest of their lives?
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Lee also revealed that he had donated to charity all his earnings of S$13 million ($10 million) since stepping down as prime minister in 1990 after 31 years in power.
- MySinchew 2011.01.23
Errrrrr, Riiiiiight! He earned only $13 million in 20 years ?????
That's an average of $600k per year if you ignore all the hidden income like mid-year bonus, year-end bonus, Performance Bonus, GDP Bonus, CPF/PENSION, other perks, etc., etc., etc.
In 1994 GCT was already drawing a basic salary of $586,800 a year. In October of that year they began to promote the obscene salary package that we vomit at today.
By April 2007, the Prime Minister's annual salary increased to S$3.1 million (US$2.05 million) with a commensurate increase for his cabinet.
In 2010, the Minister Mentor was paid $3.5m. Just his last 4 years income alone amounted to at least $10m.
I ask you, is it credible that Lee Kuan Yew earned just $13 million dollars since 1990? Is it?
These are the pension rights that the PAP government reserves for itself while the rest of you serfs see your CPF recede out of reach with every passing year:
Persons who have reached the age of 50 years and retired as MPs and who have served in this capacity for not less than nine years may be granted a pension for the rest of their lives. The annual amount payable is 1⁄30 of the person's highest annual salary for every completed year of service and 1⁄360 for every uncompleted year, up to a ceiling of two-thirds of the Member's annual salary.
In addition, a retired MP who is at least 50 years old and has for not less than eight years held the office of Prime Minister, Deputy Prime Minister, Senior Minister or Minister may receive an additional pension each year of 1⁄27 of his or her highest annual salary for each completed year of service and 1⁄324 for each uncompleted year, subject again to a ceiling of two-thirds of the office-holder's annual salary.
Members who have reached the age of 55 years and have served not less than eight years as Ministers may be granted a pension even if they have not yet ceased to hold office. No person has an absolute right to compensation for past services or to any pension or gratuity, and the President may reduce or withhold pensions and gratuities upon an MP's conviction for corruption.
OK now, hands up all those who want to be in the Foreigner's Action Party government and be pampered at taxpayer's expense for the rest of their lives?
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