Anonymous

25 Jul 2019

∙

How much are our Singapore Ministers and our Prime Minister being paid?

As we lead up to General Election 2019, curious to know what is the reasoning behind this and what the community thinks.

1

Discussion (1)

What are your thoughts?

Learn how to style your text

Kenneth Lou

25 Jul 2019

Co-founder at Seedly

Hi! I wrote about this recently and thought it might be good to share the key pointers here which I found.

As with any organisation or Multinational Corporation (MNC), the Salary structure of Ministers are modelled closely.

There is actually a 50 page white paper by the Public Service Division (PSD) detailing the full rationale of the compensation packages.

A Singapore Minister’s salary is made up of a fixed component and a variable one.

However, for the Prime Minister, he does not receive a Performance bonus because there is no one to assess his performance annually. Instead, the PM’s salary is tied to twice the MR4 minister’s salary = 1.1M x 2

In fact, after some debates, there was a revision in salaries from 2010, which was also detailed here.

Reply

Save

Write your thoughts

Related Posts

If you could be the Prime Minister of Singapore for 1 week, what are some things you would strive to change in that position?

Why do 5 guys and shakeshack cost so much in Singapore? Are they more profitable in Singapore than in the US?

Some of us may not even know that Singapore relies so much on foreign workers to power our economy if not for COVID-19. Do you think Singapore can rely less on foreign workers?

Im using DBS invest savers. Is there a way to track how much have i spent investing over the years? Currently it just shows the market value but i cant seem to find out exactly how much i've paid. TIA?

How much do you pay for your health screening? Looking at those who paid $$ for it rather than a briefed health screening paid by the company?

Related Posts

If you could be the Prime Minister of Singapore for 1 week, what are some things you would strive to change in that position?

Why do 5 guys and shakeshack cost so much in Singapore? Are they more profitable in Singapore than in the US?

Some of us may not even know that Singapore relies so much on foreign workers to power our economy if not for COVID-19. Do you think Singapore can rely less on foreign workers?

Im using DBS invest savers. Is there a way to track how much have i spent investing over the years? Currently it just shows the market value but i cant seem to find out exactly how much i've paid. TIA?

How much do you pay for your health screening? Looking at those who paid $$ for it rather than a briefed health screening paid by the company?