MX11 at 33++ here, and I am projecting slightly more than 120K for my annual income this year. Should be quite accurate now that more than half the year is gone. Just an ordinary peasant with an average engineering degree from
NUS. Am doing considerably better than my peers who become engineers, and probably on par with those who are teaching. But compared to teachers, I think there is more room for salary increment at my side. Should have the potential to tip 11K by mid to late 40s at my current rate.
Realistically, I am nowhere near doctors, lawyers and bankers but the money i am drawing is sufficient to lead a comfortable life - staying in a well-renovated
HDB flat, driving a sedan and raising a small family.
Quote:
Originally Posted by tehhalia
would like to ask about public servant bonuses, if anyone can help:
from my understanding, there are 5 types of bonuses - Annual Variable Component (AVC) Non-Pensionable Annual Component (13th Month), Special Variable Payment (SVP), Performance Bonus (PB) and Market Adjustment Component (MAC)
1) AVC - what is the average AVC public servants get? (after adding up mid-year and End-Of-Year AVC)
2) 13th Month - So far every year got this bonus? is this bonus considered a "sure-get" bonus?
3) SVP - I heard that this bonus is given out depending on how well the Singapore Economy is doing (and adjusted to your performance). Is this SVP given out every year? If not, how often were SVPs given out? biannually?
4) PB - What are the performance grades and what are the average bonuses pegged to each respective grade? Say, for a division I public servant.
5) MAC - Same question as AVP, how often were MAC given out? and how much on average for MAC if it is given out?
i am trying to estimate my annual package, would appreciate if an experienced public servant could help
TIA
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