How much bonus will ministers be getting end of year ?
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What a wayang, with or without revision, their bonuses alone will be more than some of our annual incomes !
With inflation hitting an all-time high of 6.7%, stock prices in free fall, stagnant or decreasing salaries and an economy entering into recession if not already in one, most sensible governments would have frozen their salaries or take a pay cut to rein in on their expenditure.
Not so in Singapore where cabinet ministers are hungrily awaiting for the next expected pay “adjustment” scheduled for the end of 2008.
Where such insensitive measures taken during tough times would have triggered a people revolt in Hong Kong, Taiwan or Thailand, Singapore’s government are fortunate to have its ever faithful media to cushion the expected negative impact.
Read this atrocious spin by CNA:
“The Public Service Division (PSD) says it will need some time to study the private sector data and salary trends before coming to a decision on whether the Civil Service will see a year-end salary revision for 2008.”
Why did CNA conveniently leave out the fact that cabinet ministers will see the biggest jump in their salaries under this “revision” ? No matter what “revisions” they do, the truth is - pay rise is in store for these civil servants.
Watch video here:
http://wayangparty.wordpress.com/2008/10/24/spinning-their-way-to-another-hike-in-ministers-pay/
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do you expect the PAP to follow the private sector salary when the going get tough? their logic for not doing so is " because the going get tough, the tough need more incentives to get going". meaning, the minister need more salary to worker harder to get singapore out of recession.
is the wayang party = WP?
time for change of name.
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What to do?
Majority will ACCEPT, I say again WILL ACCEPT hikes, whatever they are as proven by history.
There is absolutely positively nothing that can be done.
Even if there is an act of gawd and hearts has stopped pulpitating.
The people have spoken, time and time again.
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Money is king for PAP.
They will keep on increasing their own pay for more years to come.
That is 100% completely clear.
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inflation goes up salary will go up.
it is like the nature of things.
PSD yet to decide on year-end salary revision for civil servants
By Imelda Saad, Channel NewsAsia | Posted: 23 October 2008 1831 hrsPhotos of 
SINGAPORE: The Public Service Division (PSD) says it will need some time to study the private sector data and salary trends before coming to a decision on whether the Civil Service will see a year-end salary revision for 2008.
It said, "Civil service salaries are reviewed and revised regularly to keep in line with the private sector."
However, bonuses are expected to be scaled down.from the report you state, less bonus?
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inflation goes up salary will go up.
But PAP opposes wage increase.
Excluding PAP ministers of course.
Singapore could face another round of inflation if firms raise wages
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inflation goes up salary will go up.
isnt Lim swee say,mention that singaporeans cannot expect salary to go up with respect to inflation?
however when come to their own salary, it is certainly true!
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PAP policy reminds me of USA bailout.
Rich people give money, poor people wage cannot increase.
That's PAP for you.
They are all the same.
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Originally posted by Poh Ah Pak:
But PAP opposes wage increase.
Excluding PAP ministers of course.
Singapore could face another round of inflation if firms raise wages
PAP oppose?
what they going to do, put boss who raise wages in jail?
inflation goes up, wage will go up.
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inflation goes up, wage will go up.
Is that an economic law?
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it's an observation.
compare wage before and after inflation anywhere in the world.
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it is time all the top earners take a pay cut.
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dudes.. remember this:
civil servants = normal working hacks.. working really hard for a living... nothing to do with the ministers
senior civil serpents = Perm Secs, Dy Secs, Head of Civil Service, Directors.. people like that.. usually rubs shoulders with ministers.. probably angkat the ministers...
ministers are NOT civil servants.. they're POLITICIANS...
remember that.. learn to distinguish between the three..
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is that what CNA definition is?
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Originally posted by the Bear:
dudes.. remember this:
civil servants = normal working hacks.. working really hard for a living... nothing to do with the ministers
senior civil serpents = Perm Secs, Dy Secs, Head of Civil Service, Directors.. people like that.. usually rubs shoulders with ministers.. probably angkat the ministers...
ministers are NOT civil servants.. they're POLITICIANS...
remember that.. learn to distinguish between the three..
bankers... one of the top jobs that the ministers' pay is pegged... is hit liao mah... so naturally will cut cut 1... -
Originally posted by Rednano:
bankers... one of the top jobs that the ministers' pay is pegged... is hit liao mah... so naturally will cut cut 1...
well, let the minister's pay be cut!however, normal civil servants like the people who process your day-to-day things like your children's school application, make your passport, earn a pittance and get abused by the unenlightened public each time the ministers give themselves a pay rise under the guise of "civil service pay increase"
in fact, the last round of "civil service pay increases" left out the majority of the people who are the ground clerical staff..
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Oct 24, 2008Top civil servants' pay to fallPart of their annual pay is linked to growth rate of gross domestic productSENIOR civil servants can expect their annual pay package to shrink next year, because a significant portion of it is tied to how well the economy is doing.
The inevitable decline was indicated by the Public Service Division (PSD) yesterday when it responded to media queries on whether the civil service would be making a salary revision.
No decision had been reached on any revision, it said in a statement, as data on private-sector salaries was still being compiled.
'Given the recent turmoil in the financial markets and revised economic forecasts, the PSD will need some time to study the data and salary trends before coming to a decision,' it added.
The PSD, a department in the Prime Minister's Office that oversees civil service matters, said the salaries are reviewed and revised regularly to keep them in line with the private sector's.
It noted that a 'significant part of a senior civil servant's annual pay' is in the form of a GDP Bonus, which is linked to the gross domestic product's growth rate.
'If the GDP growth rate falls, the GDP Bonus will also fall, resulting in a reduction in the annual salaries of senior civil servants,' the PSD said in a statement.
The bonus applies to administrative officers, senior civil servants and political, judicial and statutory appointment holders.
It is paid out in March each year, based on the GDP growth rate of the preceding year.
It was introduced in 2000 and, last year, was revised to form 20 per cent of the annual pay of top officials.
This bonus is three months if the economy grows by 5 per cent and can go up to eight months should growth hit 10 per cent or more.
However, it is zero if the economy grows by 2 per cent or less.
Given the official forecast of an economic growth rate of around 3 per cent this year, top officials are likely to get a GDP Bonus of one month.
This year will also see an adjustment in the salaries of top civil servants and ministers by year's end.
This third round of pay adjustments was announced in April 2007.
The Government said then that it planned to make further changes to bring annual salaries of ministers at the entry-level grade of MR4 to 88 per cent of the benchmark by the end of this year.
The benchmark is set at two-thirds of the median pay of the top eight earners in each of six sectors: banking, law, engineering, accountancy, multinational corporations and local manufacturers.
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Originally posted by reyes:
isnt Lim swee say,mention that singaporeans cannot expect salary to go up with respect to inflation?
however when come to their own salary, it is certainly true!
The argument is, high wages accelerate the rate of inflation, so we workers wages cannot go uup... But for ppl like sinisters, since they work hard, very keng, they are entitled to increases.
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ministers are NOT civil servants.. they're POLITICIANS...
you think ministers are politicans? you still believe that?
i think they are more like company VP. and these VP has no virtues of social responsibility and maybe no corporate governance.
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At the end of the day what they want they get. nobody able to stop them. it just a drama by them.
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its a drama tat no one is paying for the ticket to watch.
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more than some of our annual incomes? i think it is more likely to be more than few years of our annual income! those million$ ministers get at least 1 month bonus and that means $1 million for bonus.
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Singapore shares close 8.33% lower
Posted: 24 October 2008 1743 hrs
Photos 1 of 1 
SINGAPORE : Singapore shares plunged 8.33 per cent on Friday on fears of a global recession hurting corporate earnings, dealers said.
The Straits Times Index fell 145.39 points to 1,600.28. It was the index's lowest closing level since September 2003.
Volume was 1.36 billion shares. Losers led gainers 486 to 116.
"The mood on the trading floor is just terrible, the Nikkei is collapsing... There are worries over the banks' results," a trader with a local house told Dow Jones Newswires.
Japan's Nikkei index plunged more than nine per cent on Friday, coming close to its post-bubble low after the yen surged and technology giant Sony slashed its profit forecasts.
"Absolute carnage in Asia as recession fears spread like a wild fire. Risk aversion is happening on a massive scale," Knight Equity Markets vice president Ioan Smith said.
Among Singapore's leading blue chips, Singapore Airlines plunged S$1.22 to S$10.52, Singapore Telecommunications was off 22 cents to S$2.06 and Neptune Orient Lines dropped 13 cents to S$1.03.
Property stocks also closed weaker after the latest figures showed private residential property prices fell in the third quarter, the first decline in more than four years.
CapitaLand sank 19 cents to S$2.58, City Developments retreated 46 cents to S$6.10 and Keppel Land was nine cents lower at S$1.59.
As for banks, DBS gave up 94 cents to S$10.04, United Overseas Bank lost S$1.72 to S$12.08 and Oversea-Chinese Banking Corp was down 61 cents at S$4.88. - AFP/ms -
They said civil servants pay will be cut leh.
Never mention anything about ministers' pay.
I guess now they will complain their salary will stagnate for the next 2 years.
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Oct 24, 2008Top civil servants' pay to fall
Part of their annual pay is linked to growth rate of gross domestic product
blah blahThe bonus applies to administrative officers, senior civil servants and political, judicial and statutory appointment holders.
blah blah