Latest news update from ST.
Besides the one below, there was recently another speech by NTUC chief, Lim Swee Sway, explaining the "benefits" of better paid ministers. errh... wait a minute, isn't he a minister too?javascript:emoticon('

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New round of pay hikes, New round of debates
The contentious issue of ministerial pay is back. Last week, the Government revealed how far behind salaries of its top people have fallen compared to private sector benchmarks. Insight takes a look at questions that have surfaced.
Reports by Peh Shing Huei, Sue-Ann Chia, Lynn Lee, Goh Chin Lian and Zakir Hussain
March 26, 2007
The Straits Times
IT’S back. Thirteen years, a new prime minister and numerous ups and downs and ding-dongs later, Singapore is once again facing a monster debate which refuses to be slayed – ministerial pay.
That is not how it was supposed to be.
Back in 1994, when salaries of top public service leaders were first benchmarked to that of the private sector, then-Senior Minister Lee Kuan Yew wanted it to end all talk once and for all.
In a speech that ran past two hours in Parliament, he said: “I believe this matter should be got out of the way by settling a formula for ministers and top civil servants, linking their pay to incomes in the private sector, so that there is no need to justify a salary revision every three or four years.
“Adjustments can then be made automatically based on Iras figures...And it will go up or down with the private sector and never get seriously out of line.”
But as Prime Minister Lee Hsien Loong told The Straits Times in an interview in 2005, that was perhaps a tad unrealistic.
“Every few years I’m sure we’ll have to explain again why it has to be done this way,” he said. Indeed, as was the case in 2000 when the salaries were last revised upwards, the public engagement machinery looks set to be oiled and cranked up again.
At the annual dinner for the elite Administrative Service on Thursday, PM Lee revealed that top public sector salaries have fallen way behind the private sector.
The salaries of ministers and top mandarins are pegged at two-thirds the median income of 48 people culled equally from six professions.
According to the benchmark, ministers should earn $2.2 million a year. Instead, their pay is only at 55 per cent of the benchmark, or $1.2 million.
The gap needs to be closed if there is to be a continuing flow of talent into the top echelons of government, said Mr Lee.
But by how much?
Defence Minister Teo Chee Hean, who is in charge of the civil service, will announce the changes in Parliament on April 9.
The Government can expect a rigorous debate that would almost certainly be also emotional, questioning among other things: the timing of the planned pay hike; the principle of pegging to the private sector; the usefulness of the formula; and the process of determining the pay packets.
