Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>  Daily News  >>   Singapore News   >>  Economy  >> Singapore: Civil servants to get smaller year-end payment package

NEWS UPDATES 
27 November 2009

Singapore: Civil servants to get smaller year-end payment package

Related Stories

November 22, 2009
Singaporeans urged to learn from recession

November 19, 2009
Singapore keeps 2009 growth forecast at -2.5 to -2.0%

November 18, 2009
‘Review’ to fork out $405,000 after losing libel suit

November 9, 2009
Singapore’s top leader says economy looks healthy

Singapore's 60,000 civil servants will get a modest one-off year-end payment of 0.25 month, capped at S$750, instead of the Annual Variable Component (AVC), reported the Channel News Asia.

This is the first time civil servants are not getting their AVC for the full year.

In its statement, the Public Service Division (PSD) said on Thursday that the rank-and-file staff will get the full 0.25 month payment while the S$750 cap will help maintain wage restraint. Civil servants will also receive their 13th month payment.

Singapore's economy is expected to shrink by 2 to 2.5 percent this year. Although there are signs of recovery, PSD said growth for the whole year is still negative and the outlook remains uncertain.

As such, the one-off payment is in line with the call by the tripartite partners to acknowledge employees' support for wage restraint and the work they have put in to help deal with the recession.

Even with the one-off payment and 13th month payment, the annual salaries of civil servants in 2009 will still fall by 8 per cent to 22 per cent, compared to the annual salaries in 2008. Those in senior positions will see the largest drop.

On top of that, the government will again defer salary adjustments for Administrative Officers, Political, Judicial and Statutory Appointment Holders.

Commenting on the year-end payment, Deputy Prime Minister and Minister in charge of the Civil Service, Teo Chee Hean, said the country's economy has yet to see a sustained recovery. Hence, the government was taking a cautiously optimistic and balanced approach in giving a modest one-off-year-end payment.


 

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below 

Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

Our Products | Work with us | Terms of Use | Site Map | Privacy Policy | Refund Policy | Shipping/Delivery Policy | DISCLAIMER |

Version 5.0
Copyright © 2007-2015 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com