04 Jan '12, 5am

36% pay cut for PM, 37% cut for entry-level ministers proposed

The committee to review ministers' salaries has recommended a pay cut of 31 per cent for a minister at entry grade, and a cut of 28 per cent for the Prime Minister. -- ST PHOTO: DESMOND LIM By Lydia Lim, Deputy Political Editor The committee to review ministers' salaries has recommended a pay cut of 37 per cent for a minister at entry grade, and a cut of 36 per cent for the Prime Minister, including the removal of pensions. If pensions are factored out, the equivalent percentages are 31 per cent and 28 per cent. That means the salary of a minister at entry level will be cut to $1.1 million. This is down from the current actual salary which stood at $1.58 million in 2010. The Prime Minister's salary will also be adjusted to $2.2 million, down from the 2010 salary of $3.07 million. The President's annual salary will be cut by 51 per cent to $1.54 million. For the most junior...

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

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straitstimes.com 04 Jan '12, 4am

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straitstimes.com 05 Jan '12, 2am

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