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Thursday, November 25, 2010

Bonus Kakitangan Awam Singapura - 2.5 bulan + $300

Sumber Tranungkite

SINGAPORE: Civil servants will receive a total year-end variable payment amounting to two months. This comprises the Annual Variable Component (AVC) of one month and a Non-Pensionable Annual Allowance (NPAA), also known as the 13th month payment, of one month.

This is in view of the strong economic recovery, said the Public Service Division (PSD) in a statement on Wednesday.

The Singapore economy has recovered strongly and expanded by 17.9% in the first half of 2010. The Ministry of Trade and Industry (MTI) has forecast the 2010 GDP growth at around 15%.

Civil servants received a mid-year AVC of 0.5 month and a one-off dollar quantum of $300 in July. Together with the year-end payment, the total variable payment for 2010 will be 2.5 months and $300.

In March 2011, eligible civil servants will be paid a Special Variable Payment (SVP).

The SVP, formerly known as Growth Bonus, is payable when there is exceptionally good economic growth, and the quantum varies depending on individual performance.

In March 2011, good performers will receive one month of SVP and better performers will receive more, up to 1.6 months, while poor performers will not receive any SVP.

Despite the strong economic recovery in 2010, the government has decided to again defer the salary adjustments for Administrative Officers, political, judicial and statutory appointment holders. This is in view of the reduction in the private sector benchmarks this year.

There is currently adequate flexibility in the salary structure to allow salaries to rise and fall in line with economic growth. The government will monitor the economic growth and movement of the benchmarks before making any subsequent decision on when to implement the salary adjustment.

The third and last phase of the salary adjustments was due in January 2009, but has been deferred twice since then. The first two adjustments were made in April 2007 and January 2008.

- CNA/ir

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