06 Jan '12, 9pm

Reflections on ministerial pay cuts

The ministerial salaries review committee led by accountant Gerard Ee is to be commended for bringing about far greater transparency in the way our politicians are remunerated than previously. The committee was also brave enough to recommend greater cuts than most observers had thought possible. The cuts were steep but not so drastic as to endanger our political representatives' enviable record of being the highest paid politicians (officially, at least) in the world. The cuts range from 53 per cent for the Speaker and 51 per cent for the President to 3 per cent for Members of Parliament. Ministerial pay is now pegged to the median income of the top 1,000 Singapore citizens across all industries, but with a 40 per cent discount to "signify the sacrifice that comes with the ethos of political sacrifice". But while the committee noted that the new benchmark "better reflects ...

Full article: http://www.todayonline.com/Commentary/EDC120107-0000014/R...

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