New announcement for even higher Minsiters' pay...
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Come on, lets not begrudge our CS the right to be paid a decent wage in tandem with the private sector.
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I guess only the sinkapore gahmen is first class with their first class salary, the rest of the world's gahmen must be very bad when their minister's are drawing second class and thrid class salaries..
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Maybe for their case, the private sector doesnt give them a better deal. So ppl prefer to be in the public sector.Originally posted by 4getmenot:I guess only the sinkapore gahmen is first class with their first class salary, the rest of the world's gahmen must be very bad when their minister's are drawing second class and thrid class salaries.. -
'This is an urgent problem. We have experienced on previous occasions the painful consequences of responding too slowly when the private sector surged ahead,' he said.
In the 1990s, this led to the Administrative Service, the key service from which most public sector leaders are drawn, losing entire cohorts of young and good officers. >
he seemed to think that money was the only reason for 'talents' to leave the public sector! -
1. Singapore Prime Minister's Basic Salary US$1,100,000 (SGD1,958,000) a year
Cheers....even USA president also earn $200k nia....only beloved ministers want $2.2million.
Minister's Basic: US$655,530 to US$819,124 (SGD1,166,844 to SGD1,458,040) a
year
2. United States of America President: US$200,000 Vice President: US$181,400
Cabinet Secretaries: US$157,000
3. United Kingdom Prime Minister: US$170,556 Ministers: US$146,299 Senior Civil
Servants: US$262,438
4. Australia Prime Minister: US$137,060 Deputy Prime Minister: US$111,439
Treasurer: US$102,682
5. Hong Kong Chief Executive : US$416,615 Top Civil Servant: US$278,538
Financial Sec: US$315,077
Singapore already ranks no.1 in minister pay in the world liao....obviously thats not enough...they are gonna double $1.1million to $2.2million..
Why not peg our sports minister salary same as David Beckham too? -
they use the median of the top 6 highest earners for each category as a benchmark
even in private sector, i don't think all these so called elites, can hit that pay
lousy excuse to raise their damn pay
why don't they use the median of all the earners in each category since they r professional anyway
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The average pay for the ministers (per year) in the Prime Minister's Office is:
Total Expenditure on Manpower for Political Appointments for FY2005:
$18,381,652
Total Head Count of Political Appointments for FY2005:
7
The average pay for a minister in the Prime Minister's Office (PMO) for FY2005 is:
$18,381,652 / 7 = $2,625,950
Wonder what makes you people think that the salary of our PM is only SGD2.0million? The average pay of all the ministers in the PMO is already SGD2.6million in 2005.
Do you think the PM's pay is below the average pay of ministers in the PMO?
I think with the current increase, it will put their pay at around SGD3-4 million per year.
Power tends to corrupt; absolute power corrupts absolutely -- Lord Acton
Abstract from Singapore Budget FY 2007:
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Open Corruption. Open Tyranny. Shameless Greed. Iron-fisted rule.
Stupid Citizens. Kiasee Mentality.
Wake up idiots... wake up you idiotic 66.6% of idiots. -
I think our PM is nuts to announce the intention for a pay rise at this time, or any other time for that matters... Why?
1. This is not the best time to do it. At least not when the GST hike is still fresh in people's mind. A better time to do it will be when the general mood of the country is better. Honestly I think the PM is really asking for it. What are his advisors doing?
2. Backlash from the public. Somehow his announcement cheapened the image of the civil service. So now they are all money minded individual huh.. Perhaps the country will be better off after those 'top civil servants' left. Did he mention why they resign? If it is money then good riddance. I am not saying we should not let our ministers enjoy high salary for the same reasons stated by LKY back then...ie a clean and honest govt. But how much is enough? Earning more than $1million per yr in Singapore virtually guarantees u a damn good life. Try telling those people who live on $1 a day, or even $10 a day, that you deserve more peanuts.
Those top ministers, imho, have been in their ivory towers far too long...so long that they cannot even gauge the public's reaction to this. Dun think S'poreans are going to stomach this news well.
And lastly, well a pay rise should still happen, but not for those top ministers. A pay rise, and mind you a huge one at that, should be given to those in the civil service who are slogging so hard everyday to make the country a better place. Teachers for instance. And let's not forget others like nurses and social workers who work tirelessly everyday to help those who are in need (and those are the ones the MIW in the ivory tower will never see).
Sorry for the long post and thanks for reading. -
dun worry lar, in the next few days, the media will bombard every sillyporeans about sinkapore being no.1 in this and no. 1 in that and tis pay rise issue will take backstage again in the minds of the sillyporeans..
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YOu are comparing and apple to an orange. Bush is probably paid low becos he isnt qualified to be a CEO of a MNC. If the US president had been paid more, you probably would have a more competent president leading the USA as compared to a numbskull who invaded Iraq because of Oil. And guess what? Dick Cheny has an interest in Haliburton and Haliburton is the first to get all the lucrative oil contracts in Iraq.Originally posted by pinkish purple papayas:Cheers....even USA president also earn $200k nia....only beloved ministers want $2.2million.
Singapore already ranks no.1 in minister pay in the world liao....obviously thats not enough...they are gonna double $1.1million to $2.2million..
Why not peg our sports minister salary same as David Beckham too? -
Yes they do. Fund managers get paid around S$2M per year EXCLUDING bonuses which can go as high as 10months. Big Fund managers which manages huge portfolios can go as high as S$10Mper year.Originally posted by Kenashi:they use the median of the top 6 highest earners for each category as a benchmark
even in private sector, i don't think all these so called elites, can hit that pay
lousy excuse to raise their damn pay
why don't they use the median of all the earners in each category since they r professional anyway
LHL is a finance minister so he manages our country's finance and economy. I think S$2.1M per year shld be quite ok for him.
For the other ministers, maybe S$1.3Mper year? -
but if this fund manager lost money as fast as LHL.. he will be fired very fast too..Originally posted by shade343:Fund managers get paid around S$2M per year EXCLUDING bonuses which can go as high as 10months. Big Fund managers which manages huge portfolios can go as high as S$10Mper year.
LHL is a finance minister so he manages our country's finance and economy. I think S$2.1M per year shld be quite ok for him.
For the other ministers, maybe S$1.3Mper year?
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AT the most I forgo my bonus and no performance fees lor. I still earn 2-3M. Next year got bull run, I outperform the market, I earn 5times back. Its still much better than what LHL get.Originally posted by I-like-flings(m):but if this fund manager lost money as fast as LHL.. he will be fired very fast too..
But being a minister also entitles you to pension and some additional security I think...but why would a fund manager need that anyway? So, I rather be a fund manger than a finance minister. -
you are SO WRONG.Originally posted by shade343:AT the most I forgo my bonus and no performance fees lor. I still earn 2-3M. Next year got bull run, I outperform the market, I earn 5times back. Its still much better than what LHL get.
But being a minister also entitles you to pension and some additional security I think...but why would a fund manager need that anyway? So, I rather be a fund manger than a finance minister.
Who told you bad performance, you can opt to forgo bonus and performance fee? You are instantly FIRED, and your reputation in the funds market will suck as well. I think you should understand the underlyings of the responsibilities of such people, before making such statements.
As for our PM, he is not worth even the current pay. Tell me, what has he DONE for this country? Raise GST is NOT an achievement.
And for his pay, he can blame the world if the performance of Singapore is bad, and then claim credit when the performance is good, where is the accountability?
And where are those PAP supporters? I am asking each of you to name one achievement by the current govt, and to date, I see you cowards just hiding from the question. Come on, come out and talk, where's that elitist attitude I always see when calling us a bunch of idiots? -
Being a Prime Minister is different. Its from the same money pool that the Prime Minister says "there is not enough money and need to raise GST to help the poor,yet at the same time there is enough money to raise Civil service pay and build lavish offices, decorate with expensive furniture"Originally posted by shade343:AT the most I forgo my bonus and no performance fees lor. I still earn 2-3M. Next year got bull run, I outperform the market, I earn 5times back. Its still much better than what LHL get.
But being a minister also entitles you to pension and some additional security I think...but why would a fund manager need that anyway? So, I rather be a fund manger than a finance minister.
Doing so loses moral authority over the people. If they want Singaporeans to go through thick and thin with the country in war, the leadership must lead by example and do first in peace time.
Being silent doesnt mean there isnt any anger... its a silent storm just like the EM3 streaming, waiting to explode.. -
No, you are not instantly fired it depends. Most mutal funds take a long term view when investing unlike hedge funds. If you are a hedge fund manager and you underperform, yes, you are fired. But Hedge fund managers are in another league, their salaries are easily much higher than the standard fund manger as they take on more risk.Originally posted by soul_rage:you are SO WRONG.
Who told you bad performance, you can opt to forgo bonus and performance fee? You are instantly FIRED, and your reputation in the funds market will suck as well. I think you should understand the underlyings of the responsibilities of such people, before making such statements.
As for our PM, he is not worth even the current pay. Tell me, what has he DONE for this country? Raise GST is NOT an achievement.
And for his pay, he can blame the world if the performance of Singapore is bad, and then claim credit when the performance is good, where is the accountability?
And where are those PAP supporters? I am asking each of you to name one achievement by the current govt, and to date, I see you cowards just hiding from the question. Come on, come out and talk, where's that elitist attitude I always see when calling us a bunch of idiots?
Hey, under the guidance of LHL, our Singapore dollar has hit a 9 year high against the USD. On top of that, the PAP government has managed to restructure our country such that we are now enjoying a property boom. All this thanks to our dear leader.
Let us not deny him a fair wage for his efforts in rebuilding and rebranding Singapore
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But you forgot to mention that the government is lowering Corporate taxes. This would in turn enable companies to pay a higher wage to their employees. And such a move is what the government wants as we move towards a system of workfare and not welfare.Originally posted by kilua:Being a Prime Minister is different. Its from the same money pool that the Prime Minister says "there is not enough money and need to raise GST to help the poor,yet at the same time there is enough money to raise Civil service pay and build lavish offices, decorate with expensive furniture"
Doing so loses moral authority over the people. If they want Singaporeans to go through thick and thin with the country in war, the leadership must lead by example and do first in peace time.
Being silent doesnt mean there isnt any anger... its a silent storm just like the EM3 streaming, waiting to explode.. -
Oh please,who you are trying to kid? The USD has been falling against many currencies. its the weakness of the dollar rather than the strength of the SGD. So if SGD fall in future can blame him? Can dont blame globalization or the strength of the dollar?Originally posted by shade343:Hey, under the guidance of LHL, our Singapore dollar has hit a 9 year high against the USD. On top of that, the PAP government has managed to restructure our country such that we are now enjoying a property boom. All this thanks to our dear leader. -
hahahaha, simply naive.... its not like SBS raises the pay of the drivers when the profits are higher... The lower level are easily replaceable... When there are higher profits, its due to the brilliance of the management... Time to raise pay or the "Top Talent" get headhunted.Originally posted by shade343:But you forgot to mention that the government is lowering Corporate taxes. This would in turn enable companies to pay a higher wage to their employees. And such a move is what the government wants as we move towards a system of workfare and not welfare. -
If your mutual fund under performs the market average, I am sure you will be asked to leave. They made alot of major investment blunders like Global Crossing, Shin Corp, Suzhou Industrial Park, etc. Why are they still around?Originally posted by shade343:No, you are not instantly fired it depends. Most mutal funds take a long term view when investing unlike hedge funds. If you are a hedge fund manager and you underperform, yes, you are fired. But Hedge fund managers are in another league, their salaries are easily much higher than the standard fund manger as they take on more risk.
Hey, under the guidance of LHL, our Singapore dollar has hit a 9 year high against the USD. On top of that, the PAP government has managed to restructure our country such that we are now enjoying a property boom. All this thanks to our dear leader.
Let us not deny him a fair wage for his efforts in rebuilding and rebranding Singapore
Singapore dollar hitting a new high against the US dollar is no big deal. It comes from our current account surplus. If you have a current account surplus (Singapore) match against a current account deficit (USA), the USD will depreciate against the SGD, so as to make USA products more competitive and reverse the current account imbalance.
Where do you think our current account surplus and reserves come from? GST, CPF, high priced transport, high priced HDB apartments, high priced electricity & water, etc. The difference between what a country imports and exports is the current account balance. If they tax (GST) more from us, the less we will be able to consume, as Singapore is 99% reliant on imports, the less we consume, the higher will be Singapore's reserves (not your reserves, but the government's). Maybe they should implement 50% GST, I am sure our currency will hit an all time high with the USD. -
I guess you are the very few bosses around that would share his profits with employees by paying them a higher wage. Maybe you should tell the ministers to share their pay around, since they already getting so much money.Originally posted by shade343:But you forgot to mention that the government is lowering Corporate taxes. This would in turn enable companies to pay a higher wage to their employees. And such a move is what the government wants as we move towards a system of workfare and not welfare. -
Animal farm ....Singapore.....Animal farm ....Singapore.....the line is blurring between fiction and non fiction now.Originally posted by kilua:From Animal Farm
"Comrades!" he cried. "You do not imagine, I hope, that we pigs are doing this in a spirit of selfishness and privilege? Many of us actually dislike milk and apples. I dislike them myself. Our sole object in taking these things is to preserve our health. Milk and apples (this has been proved by Science, comrades) contain substances absolutely necessary to the well-being of a pig. We pigs are brainworkers.
The whole management and organisation of this farm depend on us. Day and night we are watching over your welfare. It is for your sake that we drink that milk and eat those apples.
Do you know what would happen if we pigs failed in our duty? Jones would come back! Yes, Jones would come back! Surely, comrades," cried Squealer almost pleadingly, skipping from side to side and whisking his tail, "surely there is no one among you who wants to see Jones come back?" -
PM's pay can increase but not the useless MIW- most of them only hip hop, attend dinners, shake hands, kiss babies....
The MIW in my GRC didn't even bother to appear during elections except Tamugi.
If they are not happy with the pay, let them quit. See whether they can get a job in the pte. sector. The ones leaving in civil service are the young & highly educated.
Majority will be told they are too old, have to upgrade, take pay cut & lower CPF. Our govt is the only one still employing 80 years old! -
these guys simply don't get it.....they call welfare and distribution of resource to those in need a dirty word.....but when it comes to lining their pockets, the story's changed....at the end of the day, who has greater need? history reflects that when the elites continue to progress unabated at the expense of the populace, the rot begins......they may argue they need to retain the top talents to run and bring prosperity to the nation...however, the recent 'discovery' of our new poor shows they have not succeeded....i admit that this govt is efficient but most times not effective...