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22% less pay for top officers
Annual salary for the ministerial grade (MR4) will fall by 22 per cent to $1.49 million. -ST
THE annual take home pay of top civil servants will fall by up to 22 per cent this year as they will not be getting the annual annual variable component (AVC) or GDP bonus, with the Singapore economy just emerging from its worst recession. The third phase of these adjustments, due in January this year, was deferred as a result of the recession. The first two adjustments were made in April 2007 and January 2008.
PSD said the annual salary for the ministerial grade (MR4) will fall by 22 per cent to $1.49 million, and that for the entry Superscale grade (SR9) will fall by 15 per cent to $338,100.
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