The ceiling for PAX4 is around 8k. I thought that is pretty decent even for someone in his 40s isn't it?

Coupled with bonus of 15 months, you are looking at 120,000 per annum. That puts the lecturer at 91.5 percentile of someone who's 45 years old according to MOM data.

So I am curious actually, why someone said earlier that a lecturer isn't going to have enough for retirement. I mean, 120,000 per annum isn't the highest salary in the world, but it isn't low either.