05 Jan '12, 12am

President Tony Tan welcomes 51% pay cut #ministerpaycut

SINGAPORE - It had been one of the topics tackled in the keenly-contested Presidential Election last August, with several candidates acknowledging that the S$3.17 million annual salary of the President was too high. Yesterday, the committee tasked to review political salaries recommended a salary of S$1.54 million for the Head of State, or a hefty cut of 51 per cent. His monthly salary will be set equal to the monthly salary of the Prime Minister, given that he occupies the highest office in the country and commands "significant custodial powers", the committee said. However, his annual package will be 70 per cent that of the PM's, because the latter is entitled to a National Bonus, as recommended by the committee. Addressing the disparity, the committee noted that, unlike the Prime Minister, the President "does not set national policies and does not have direct executive ...

Full article: http://www.todayonline.com/Hotnews/EDC120105-0000058/Pres...

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