13 Jan '12, 1pm

More clarity needed on political pay, say observers

More clarity needed on political pay, say observers

SINGAPORE: Under the recommendations, ministers' salaries are pegged to the median income of the top 1,000 Singaporean earners, with a 40 per cent discount. A check revealed that the top 1,000 earners included people like Singapore Exchange's executive vice president Lawrence Wong, who pocketed S$1.4 million dollars in 2010; Hyflux's Group CEO Olivia Lum, who earned S$1.6 million; and Keppel Corporation CEO Choo Chiau Beng, who earned a whopping S$8.1 million a year. The amounts represent the total package which include variable components. Since the Committee to Review Ministerial Salary released its report last week, government feedback portal REACH has received close to 460 comments (as of 6.30pm). The top two issues of concern were the percentage and quantum of pay reduction, as well as the new salary benchmark. Feedback was divided as to whether Singaporeans felt the ...

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

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