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The Ministerial Salary Review Committee


Cars08
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Ministerial Salary Adj is good enough  

131 members have voted

  1. 1. Do you think the adjustment is adequate?

    • Yes
      32
    • No
      99


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Dunno if this is for real from yahoo web...man....u think it is a good suggestion?

 

 

The Ministerial Salary Review Committee has proposed a 28% pay cut for PM, 31% for entry level ministers and 51% for the President. Pensions to also be done away with...

Edited by Cars08
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next time please quote the information!

 

Wage cuts between 36 and 53% recommended for political appointments

Posted: 04 January 2012 1208 hrs

 

SINGAPORE: The Review Committee, appointed by the Prime Minister to look at Ministerial salaries, has recommended cuts of between 36 and 53 per cent.

 

This was disclosed by Committee Chairman, Gerard Ee, on Wednesday at a news conference.

 

The Committee was appointed after the general election in May last year, and had submitted its report to the Prime Minister on December 30.

 

Prime Minister Lee Hsien Loong had announced the review at the swearing-in ceremony of the new cabinet in May last year.

 

Among the recommendations made are the Prime Minister's annual salary to be cut by 36 per cent, to S$2.2 million.

 

The annual salary of ministers will be cut by 37 per cent, to S$1.1 million.

 

The President's annual salary is reduced by 51 per cent, to S$1.54 million.

 

The Speaker of Parliament will see the biggest percentage cut of 53 per cent, to S$550,000.

 

The Committee also recommended changes to bonus payments, pensions and benefits under the new pay structure.

 

The new salary will be backdated to 21 May last year, when the new government took office.

 

MPs will debate the report when Parliament sits for a second session 16 January.

 

Parliament's first sitting for this year will be on 9 January. It's expected to focus on several questions tabled on the recent flooding and the spate of MRT disruptions.

 

- CNA/ck

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Govt intends to accept recommended wage cuts : PM Lee

By S Ramesh | Posted: 04 January 2012 1216 hrs

 

SINGAPORE: Prime Minister Lee Hsien Loong said the government intends to accept the recommendations of the Committee set up to review the salaries of political appointment holders.

 

The Committee's report is entitled "Salaries for a Capable and Committed Government."

 

Replying to Mr Gerard Ee following the submission of his team's report, Mr Lee said the government will publish the report as a White Paper and move a motion in Parliament on 16 January to adopt it as a basis for setting political salaries.

 

In his letter, the Prime Minister stressed that the issue of salaries is a complex and difficult one, with major implications for the future of Singapore.

 

Mr Lee said he's grateful the Committee has invested the time to undertake a comprehensive and careful review, based on fundamental principles and the long term interests of the country.

 

The Committee has also sought and considered a wide range of feedback from Singaporeans, with diverse views and expectations, and the final recommendations have benefited from these inputs, as well as the experience and judgement of the committee members.

 

Mr Lee noted that the committee had to strike a balance between attracting capable and committed leaders of integrity, strengthening links with the country's socio-economic progress and reinforcing the ethos of political service.

 

- CNA/ck

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the new president pay cut by half, must be [furious] [furious] [furious]

 

can ask the prata man cough out his pay for past 12 years?

Edited by Jman888
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Thanks..i only saw a small caption from yahoo web.... :huh:

So sporeans will vote MIW in 2016 given this change n MIW will hv a higher change to capture higher numbers of votes?

 

 

 

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- Minister salary will benchmark against the top 1000 worker's salary and discounted by 40%.

 

- Bonus will be linked to average worker salary, low income group increment, employment rate, and GDP.

 

- Do away with pension system :huh:

 

新架构下,部长的MR4级起点的薪金指标,将以新加坡首1000名最高薪者的中位数薪金,打40%折扣为标准。

 

今后,部长花红将与与国人收入中位数、低收入阶层实际收入的涨幅,失业率及国家经济表现挂钩。

 

委员会也建议,2011年5月21日起,终止奉行多年的部长养老金制度。

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Turbocharged

next time please quote the information!

 

Wage cuts between 36 and 53% recommended for political appointments

Posted: 04 January 2012 1208 hrs

 

SINGAPORE: The Review Committee, appointed by the Prime Minister to look at Ministerial salaries, has recommended cuts of between 36 and 53 per cent.

 

This was disclosed by Committee Chairman, Gerard Ee, on Wednesday at a news conference.

 

The Committee was appointed after the general election in May last year, and had submitted its report to the Prime Minister on December 30.

 

Prime Minister Lee Hsien Loong had announced the review at the swearing-in ceremony of the new cabinet in May last year.

 

Among the recommendations made are the Prime Minister's annual salary to be cut by 36 per cent, to S$2.2 million.

 

The annual salary of ministers will be cut by 37 per cent, to S$1.1 million.

 

The President's annual salary is reduced by 51 per cent, to S$1.54 million.

 

The Speaker of Parliament will see the biggest percentage cut of 53 per cent, to S$550,000.

 

The Committee also recommended changes to bonus payments, pensions and benefits under the new pay structure.

 

The new salary will be backdated to 21 May last year, when the new government took office.

 

MPs will debate the report when Parliament sits for a second session 16 January.

 

Parliament's first sitting for this year will be on 9 January. It's expected to focus on several questions tabled on the recent flooding and the spate of MRT disruptions.

 

- CNA/ck

 

Didnt know this CBL post can earn so much!! :o

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I think this is a very good move given that so many ppl r unhappy abt ministerial salaries...

 

 

recession is here, they have to cut ANYWAY! -_-

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Didnt know this CBL post can earn so much!! :o

 

 

the 'stick' that he carry into the parliament is quite heavy [laugh] [laugh]

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Turbocharged

the 'stick' that he carry into the parliament is quite heavy [laugh] [laugh]

 

he dont carry the stick hor. its the ahmad that carry the stick. all he does is knock his head to those bow to him and keep track of his stop watch. [laugh]

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Neutral Newbie

ERP/GST/MRT/minimum sum/etc etc sure go up liao

And more MP sitting on more board of director on more GLC, TLC and whatever companies.

 

Will they be corrupted easily now?

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