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Old 13-12-2012, 12:12 PM
cslee cslee is offline
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Quote:
Originally Posted by Unregistered View Post
Thanks for the info below, very useful.

What I find confusing is the very limited range over the whole career. For eg. let's say I am a good performer who can retire at the max of SEO1A1 monthly of 9288.

If I join MOE at 25 yrs old with standard honors, starting is already ~3400. That means over the next 40 years of my career until retirement, I only have 9288 - 3400 = 5888 to move assuming best case scenario .That works out to be ~2.5% increment annual.

Historically the range increase a few % every few years, but it does not seem to gel with all the stories I keep hearing from my teacher friends about easily getting 6% to 10% yearly. At that kind of rate they would have hit the ceiling before 40 yrs old. This situation is much worse for an average performer who retires at GEO1A3 max of 7452.

Only reason I can think of is they actually slow down the increment a lot in the later years.

Anyone with exp can share?
As far as I know, CS doesn't work this way. It's based on your CEP that would be reviewed annually. Higher CEP = faster promotion. Let's assume your current CEP is SEO1A1 that cap at 9288 now. That cap would likely be raised & reviewed over time due to inflation and other economical factors. In 40 years time, the cap should have been raised multiple times over (any math teachers care to calculate compound interests of 5% p.a?). From 2008 till now, there have been 2 major salary reviews in 4 years time.

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