A sinister omen of impending ministerial payrise

[Confuseous]

The obscenely high salaries of PM Lee Hsien Loong and his incorruptible ministers have never ceased to draw vitriolic adverse reactions from Singaporeans, minus PAP diehards. They have the audacity to benchmark their pay to the top 1000 earners in Singapore with their run-of-the-mill calibre and have the dubious reputation of being the highest-paid ministers and prime minister in the world. Even US President Barack Obama draws a modest salary of US$400,000 a year and would it not be burlesque for our clownish PM Lee to compare himself with the redoubtable President Barack Obama. They can, of course, do whatever they want with taxpayers' money with impunity by paying themselves with obscenely high salaries. So whether Singapore voters will want this ridiculous abuse of taxpayers' money to continue indefinitely will depend on the wisdom of the voters in the next GE with the help of a united opposition to galvanise them into voting for the opposition.

In the meantime, one would have thought that these money-grabbing PAP ministers will have the gumption to enjoy their obscenely high salaries in a contented manner without making any fuss. So is the sudden announcement in Parliament by an ebullient DPM Teo Chee Hean that the salaries of ministers have not gone up in the last three years even though the benchmark they are linked to has risen by around 3 per cent each year a sinister omen of an impending payrise for the filthily-rich ministers and the prime minister at public expense? DPM Teo mentioned that the Committee to Review Ministerial Salaries had recommended that the salary framework be reviewed every five years and the PAP Government can continue to adjust salaries within this framework should there be a change in overall salary levels in the coming years. The poor Workers' Party has been dragged in to give an aura of civility in the announcement.

The Chinese believe that in any pursuit of wealth or power, it is prudent to stop at the appropriate time (適可而止） for if you persist in being greedy in the end you will end up a pauper.(贪而無厭，反而変为贫）. Examples abound in China of the downfall of high-ranking officials who enriched themselves whilst in office. DPM talked of the ethos of political service. How this can be reconciled with paying themselves obscenely high salaries in order to serve the people? Is this service to the people or self-serving? Even Senior Minister of State Josephine Teo asserted unashamedly in a recent REACH forum on NSF allowance that "service for the country cannot be measured in dollars and cents". Is this not a slap in the face of the clown Lee Hsien Loong, the so-called prime minister?

Let us hope that the greedy thought of increasing ministerial salaries is only a wild imagination that will just dissipate with DPM Teo's announcement which may have been made out of the insanity of the moment.

http://singaporerecalcitrant.blogspot.sg/2015/03/a-sinister-omen-of-impending.html

 

[HTOLAS]

I seriously hope that they get caught giving themselves a payrise.

 

[Confuseous]

In global corporations, once having reached a senior executive or senior management position – one can no longer expect any increase in base salaries unless one is promoted to a higher position. Often such promotion also does not even come with an automatic pay increase. When one holds a senior position, pay becomes less on base salaries but more on internally and externally linked incentives such as shares vested according to performance targets achieved by the company.

When I reached executive director in 1999, annual pay increments stopped until I moved geographical location and took on a regional management position. This gave a one time adjustment in base salaries and I got the same base salary until my last day at work. And I’m not someone who reach the top level of the company.

When I say no salary adjustments, I do mean no salary adjustments, not even adjustment for inflation or cost of living. This is the reality of the private sector. The ministers may think they are benchmarked to the private sector but they know nuts abt the private sector or rather they know enough to cherrypick all the goodies but ignore the stuffs that don’t fit their objective.

Another thing that need bear in mind. I do wonder how the benchmark is constructed. Most of the big local corporations are GLCs. I would not put it past the govt to benchmark themselves to the GLCs which makes it convenient to provide evidence that senior executive pay has increase. They simply get Temasek to vote higher pay for the GLC management and so the benchmark goes up. That in turn provide yet another excuse to reward themselves stratospherically.



Chris K

* Comment appeared in: DPM Teo: Our salaries have not risen in past 3 years

http://www.tremeritus.com/2015/03/11/ministers-pay-how-benchmark-of-top-1k-earners-constructed/

 

[jw5]

"Service For The Country Cannot Be Measured In Dollars And Cents."

-- Food for thought for Ministars and Ministars Of State who talk about pay increment for themselves or who claim they can earn more doing something else.

 

[xpo2015]

"Service For The Country Cannot Be Measured In Dollars And Cents."

-- Food for thought for Ministars and Ministars Of State who talk about pay increment for themselves or who claim they can earn more doing something else.

This is an aspiration. Not some thing they need to do.