The President's pay will be cut by 51 per cent to S$1.54 million from S$3.14 million. The PM's pay will be revised to S$2.2 million from S$3.07 million a year, a 36 per cent pay cut. Ministers' annual pay will be reduced by 37 per cent to S$1.1 million and Speaker of Parliament will get the deepest cut of 53 per cent to S$550,000 a year.
For those of you who do not know what Speaker of Parliament role is about well below is the extract from Wiki:
Annual salary (20 months!) = fixed component (13 months) + annual variable component (usually 1 month) + individual performance bonus (3 months for good performers) + national bonus (3 months if targets are met)
What is national bonus? What targets (KPI) to meet?
Well maybe the following are the targets:
Ever since I start understanding why Singapore has one of the lowest corruption rate in the world, I know that to achieve that the Civil Servants are actually paid slightly higher than most other countries so as to make accepting bribes not worth the risk. But seriously after seeing how the breakdown of the salary structure is done for the Ministers I really think it is too ridiculous... 3 months national bonus!!!
If you were to ask me why now the cut the salary well the main reason which I can think of is to win back political votes from the younger generations especially since the last GE where the main political party actually lose quite some stand and having suffered many years of strong political backlash.
But the younger generations are not stupid! If they want to win back our votes they should think about how our lives can be improve. The ministers get less money but it is not going to solve any of the existing issues like high properties prices, high COE, low pay, high education cost and high public transport fares...
Does the extra money from the ministers going to be put into those areas which I mention above so as to improve the lives of fellow Singaporeans? I afraid not... Life still goes on as usual expect that this create a topic which I can blog on, maybe get more readership and to complain about (I still cannot forget the national bonus thingy!) but that is all about it.
To win our votes (and trust) back to the main party, things should be done to impact and improve the lives of Singaporeans. Doing things like Ministers salaries adjustments are good to see but seriously many of us dun even bother about it. If we can have good leaders that think about the lives of their countrymen in front of the pockets I dun think anyone will mind if they are paid better than most of us cos they deserved it. But if the Ministers are getting high pay while not doing much to improve anything well it just make people envy of them and their job.
So what is your stand on this? Feel free to comment.
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For those of you who do not know what Speaker of Parliament role is about well below is the extract from Wiki:
The role of the Speaker in Singapore is similar to that in most Commonwealth legislatures. The Speaker presides over the Parliament and enforces the rules in the Standing Orders of Parliament to allow for the orderly conduct of parliamentary business. The Speaker may or may not be an elected Member of Parliament (MP). Speakers that are MPs must remain impartial and cannot participate in parliamentary debates nor vote on issues and motions in the House.Ok so now lets see how their salary is formulated:
Annual salary (20 months!) = fixed component (13 months) + annual variable component (usually 1 month) + individual performance bonus (3 months for good performers) + national bonus (3 months if targets are met)
What is national bonus? What targets (KPI) to meet?
Well maybe the following are the targets:
- Increase the current 7% GST
- Increase the CPF min sum
- Increase the electricity cost
- Add more properties rules to make Singapore properties more expensive
- ...
Ever since I start understanding why Singapore has one of the lowest corruption rate in the world, I know that to achieve that the Civil Servants are actually paid slightly higher than most other countries so as to make accepting bribes not worth the risk. But seriously after seeing how the breakdown of the salary structure is done for the Ministers I really think it is too ridiculous... 3 months national bonus!!!
If you were to ask me why now the cut the salary well the main reason which I can think of is to win back political votes from the younger generations especially since the last GE where the main political party actually lose quite some stand and having suffered many years of strong political backlash.
But the younger generations are not stupid! If they want to win back our votes they should think about how our lives can be improve. The ministers get less money but it is not going to solve any of the existing issues like high properties prices, high COE, low pay, high education cost and high public transport fares...
Does the extra money from the ministers going to be put into those areas which I mention above so as to improve the lives of fellow Singaporeans? I afraid not... Life still goes on as usual expect that this create a topic which I can blog on, maybe get more readership and to complain about (I still cannot forget the national bonus thingy!) but that is all about it.
To win our votes (and trust) back to the main party, things should be done to impact and improve the lives of Singaporeans. Doing things like Ministers salaries adjustments are good to see but seriously many of us dun even bother about it. If we can have good leaders that think about the lives of their countrymen in front of the pockets I dun think anyone will mind if they are paid better than most of us cos they deserved it. But if the Ministers are getting high pay while not doing much to improve anything well it just make people envy of them and their job.
So what is your stand on this? Feel free to comment.
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To be or not to be, there can be only one
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