now hiring.. basic pay $715,000

[hurley]

Ministerial pay review report misunderstood: Committee

Panel clarifies details on Ministers' salary, and explains why it benchmarked pay against 1,000 top earners

The committee to review ministerial salaries has clarified that the recommended S$1.1 million annual salary for entry-level Ministers includes basic pay and bonuses amounting to seven months.

In its blogpost, the committee said it assumes a one-month annual variable component, a three-month performance bonus and a three-month National Bonus.

Without bonuses, the basic pay is 13 months, totaling S$715,000.

It made this and several other clarifications in a post on its official blog on Jan 11, in which it said several aspects of its report have been misunderstood or not clearly understood.

The committee also explained why its proposed wage benchmark links ministerial pay to the salaries of 1,000 top Singaporean earners: To reflect the level of talent it hopes to attract, and the need to pay competitive salaries to minimise the opportunity cost for those who want to come forward to serve.

The committee also explained why it had not chosen to peg salaries to foreign leaders' pay instead.

Although it said this was studied in detail, it was not adopted "as the conditions in other countries are different and so are the compensation principles".

Doing so would not allow the committee to "follow the principles of paying competitive salaries and clean wages".

Prime Minister Lee Hsien Loong has said that the Government intends to accept the committee's recommendations, which will be debated in Parliament next Monday.

 

[halsey02]

Affordable, affordable....

 

[Capano2121]

so this pay package is considered slump package when the Singapore market crash lah, if it doesn't crash expect more lah! So where was the revision in the first place? Why was there a need for all the wayang in the first place? Why do they need to set up a committee in the first place? And why was the pay revision even mentioned at all in the first place? This is just as good as a t-shirt's usual price is S$19.90, comes the great singapore sale, it's usual RSP increased to S$69.90 & a 70% discount during this time at S$20.97 lah!

Doesn't the revision amount to this type of consumer bull shit that has been happening at all the big departmental stores? Singapore has been whoring itself for way too long by these bunch of mother fucking low life!