................Nearly all Singaporeans save for their own retirement, while ministers get life-long pensions if they have held office for a minimum of eight years and have reached 55 years of age. Again, there's a complex formula for determining the pension amount, with a cap of "two-thirds of the highest annual salary of any office" held by the individual in question.
The shocker was momentarily revealed in June 2004 - though the mainstream media did not highlight it then nor have they since. That was when an opposition MP asked then deputy prime minister Lee Hsien Loong whether it was true that a "serving minister who turns 55 actually receive[s] both salary and pension at the same time". Lee, in answer, said yes. There are currently eight cabinet ministers aged 55 and above, including Lee himself.
Alex Au is an independent social and political commentator, freelance writer and blogger based in Singapore. He often speaks at public forums on politics, culture and gay issues.
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