04 Jan '12, 4am

Wage cuts between 36 and 53% recommended for political appointments

Wage cuts between 36 and 53% recommended for political appointments

The committee also recommended for the pension scheme to be removed entirely for new office holders. This will be applicable to those who are appointed on or after 21 May 2011. Those appointed before that, will also be affected. The Committee was appointed after the general election in May last year, and had submitted its report to the Prime Minister on December 30. Prime Minister Lee Hsien Loong had announced the review at the swearing-in ceremony of the new cabinet in May last year. Among the recommendations made are the Prime Minister's annual salary to be cut by 36 per cent, to S$2.2 million. The President's annual salary is reduced by 51 per cent, to S$1.54 million. The Speaker of Parliament will see the biggest percentage cut of 53 per cent, to S$550,000. The lowest percentage change of a 20 per cent cut is for the Mayor and Senior Parliamentary Secretary positions. ...

Full article: http://www.channelnewsasia.com/stories/singaporelocalnews...

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