National Bonus for political office holders
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SINGAPORE: Ministers and other political appointment holders, from Parliamentary Secretary to Deputy Prime Minister, will get a pro-rated National Bonus of 1.618 months in March.
The National Bonus was a recommendation of the White Paper on "Salaries for a Capable and Committed Government" that was endorsed by Parliament in January 2012.
Based on the approved formula, the 2011 National Bonus is 2.625 months, but since the new salaries took effect on 21 May 2011, the pro-rated amount will be 1.618 months.
The Public Service Division announced this on Monday.All political appointment holders (Parliamentary Secretary to Deputy Prime Minister) will get the same National Bonus rate to reflect their joint contributions as part of the Cabinet. The Prime Minister will get twice the rate as he does not get a performance bonus.
The National Bonus provides a direct link between the salaries of political appointment holders and the socio-economic progress of average- and lower-income Singapore citizens and the growth of Singapore.
The National Bonus is based on four socio-economic indicators with each accounting for 25 percent of the payout. The payout matrix is tabled below. The payout ranges from zero to six months and political appointment holders will get three months if the targets for the indicators are met.-- CNA
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Their bonus is so big that every decimal place makes a big difference in absolute amount.
People's bonus is 1.5 or 2.
Theirs is 1.618.
