SINGAPORE: Singapore's 77,000 civil servants will get a year-end Annual Variable Component (AVC) of 0.7 month.
Lower-wage officers will get an AVC of at least S$1,000, signalling the government's continued commitment to help low-wage workers.
The Public Service Division in the Prime Minister's Office announced the bonus in a statement on Thursday.
The statement said the bonus amount was decided against the backdrop of a "more subdued global economic outlook".
It
said: "Singapore's economic growth is expected to remain subdued for
the rest of 2012, with the economy expected to grow by around 1.5%.
"The
electronics manufacturing cluster would continue to be weighed down by
tepid external demand. On the other hand, expansion in the construction
sector could provide modest growth support to the overall economy.
"In
addition, growth may be slightly lower than forecast if the weakness in
the externally-oriented sectors persists into the final quarter of
2012."
The year-end AVC payment was decided in consultation with the unions.
Some
2,000 civil servants earning less than S$1,430 will benefit from the
minimum AVC payment of S$1,000. For example, an officer drawing a
monthly salary of S$1,200 will get a year-end AVC of S$1,000, instead of
S$840 based on 0.7 month of his salary.
About 96% of these 2,000 civil servants are Division IV officers.
All
civil servants will also get the Non-Pensionable Annual Allowance
(NPAA) of one month, to be paid in December along with the AVC.
Last year, civil servants got a 0.75-month year-end AVC.
- CNA/ir