12 Jan '12, 3am

Ministerial pay cuts: $1.1 million ministerial pay includes bonuses, committee clarifies

The committee to review ministerial salaries has clarified several aspects of its report 'that have been misunderstood', in a post on its official blog on Wednesday. One is the question of whether bonuses are included in the much-publicised $1.1 million salary recommended for entry-level ministers. Though the committee did not state it, some netizens have misunderstood the figure to be the basic salary of an entry-level minister. But this is not so. The committee clarified in its post that the $1.1 million figure includes both basic pay and bonuses amounting to seven months. It assumes a one-month annual variable component, a three-month performance bonus and a three-month National Bonus. Without bonuses, the basic pay is 13 months, totalling $715,000. In its report released last Wednesday, the committee recommended salary cuts of up to a third for political office-holders...

Full article: http://www.straitstimes.com/The-Big-Story/The-Big-Story-1...

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