24 Nov '11, 10am

Civil servants to receive 1.75 months' bonus at year end

Civil servants to receive 1.75 months' bonus at year end

File photo of civil servants undergoing training at the Civil Service College. Civil servants will receive a bonus of 1.75 months' pay at the end of the year. -- ST PHOTO: NG SOR LUAN By Janice Heng Civil servants will receive a bonus of 1.75 months' pay at the end of the year. This is made up of the annual variable component (AVC) - this year, 0.75 months' pay - and another month's pay for the standard 13th-month payment. The AVC amount was decided against a backdrop of 5.4 per cent economic growth in the first three quarters of 2011, with overall growth for the year forecast to be around 5.0 per cent, the Public Service Division said in a statement on Thursday. However, short-term growth could be affected by slowing global demand and economic uncertainties, it added. Please enable JavaScript to view the comments powered by Disqus. blog comments powered by Disqus

Full article: http://www.straitstimes.com/BreakingNews/Singapore/Story/...

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