Enough is enough!!I have enough of Pay and Pay.Read this...
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................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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The above article can be link from here...
http://www.singaporedemocrat.org/articleministersalaries3.html -
this is called having the butter spread on both sides of a bread....well done, money is truly not enough......
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Was MM LKY correct that more money will help to stem the corrupting desires ?
It seems that more money paid will create in insatiable demand for even more, especially when they have total and unaccountable control to the Nations Reserves.
During the Budget Debate when the increase of another 2 per cent to the GST was being debated, PM LHL quietly introduced a proposal for the Legislation to be changed that will allow the Government to access the Reserves WITHOUT Parliamentary approval, or that of the Elected President.
What else should we be expecting next from this " supposedly incorruptible " government ?
What could we be expecting next when they have sunk to the lawless level of using the Law to intimidate and subjugate Singaporeans, while at the same time they will try to circumvent the Laws of other Nations when their Temasek Holding wades in to grab the national assets of other Nations ? -
MPs get $5000.00 monthly lifetime pension after they serve 2 terms.
That's more than even the average singaporean's pay.
Our country is bleeding money rapidly... -
I remember it could be more than that.Originally posted by soul_rage:MPs get $5000.00 monthly lifetime pension after they serve 2 terms.
That's more than even the average singaporean's pay.
Our country is bleeding money rapidly...
Someone should check it out on Ministers lifetime pension.
I wont be surprised if its 1 Million a year. -
and i thought they say welfare is a dirty word?Originally posted by soul_rage:MPs get $5000.00 monthly lifetime pension after they serve 2 terms.
That's more than even the average singaporean's pay.
Our country is bleeding money rapidly...
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Correction, its not a taboo word in their context.Originally posted by 4getmenot:and i thought they say welfare is a dirty word? 
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Aww..that is Meritocracy for you..got brains got talent earn top dollar, otherwise can just slot your whole llife through and make peanuts. This is how things are la, don't get too disgruntled over it, in the end, also will come back to square one one as history has shown, just be happy with what you have and get on with life. Migrate also same thing lor, western socialism, even though got free perks, at the end of the day ur perks also you pay one what - high income tax, high indirect taxes, pay as you earn pension schemes. Only thing is have more opportunity, but the same things apply - need qualifications, need brain, need money. So no matter go where also stuck la.
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Complain also no use, best thing to do like what many of us have already done is just leave this silly country...no point contributing....anyone joining me?
Let's us all migrate -
I'm currently living in a western welfarist state, even though it has it's virtues in that the there is free universal healthcare and the lower income being allocated welfare handouts-to fund all this, there is in place high tax rates. I think income tax is 30 odd per cent and indirect taxes here are 13 per cent. Everything here in nationalized, everything from Hydro to the public transport to car insurance. Healthcare while free is also quasi-nationalized, and doctors are really anal abt seeing patients cause since they are getting paid per consultation irregardless of the treatment, u can only see the doc for one problem, if you have another, go to the back of the line. There are also long cues for operations and stuff, and people with $$$ get fed up and just go across the border to private clinics. And while their politicians are being paid peanuts compared to ours, the way politics here work is that various industries will form or fund lobby or interest groups to push for their interest to politicians. Hence, money politics come into the equation and more often than that, abuses come into play. Where am I the logging industry is really powerful as the are like a huge percentage of the state GDP, hence several pro-logging policies have been put in place to the disadvantage of citizens, especially the local indigenous people who live out in the country side. While many paint a rosey picture of western systems, this is more to it
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damn it... better stock in more peanuts... the price going to rise very soon... next time cannot drink and eat peanuts liao... peanuts too expensive liao le...
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Makes me sick and wanna leave the country.
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its call reward for their service, hence pension.Originally posted by ditzy:Correction, its not a taboo word in their context.