Civil Service Year End Bonus 2018

Originally Posted by Unregistered

what chopping hero?? Mind your words....
Confirm Dec Pay + 13mth + 1 month . After deducting 0.5mth in July.

lol @ confirm. Nothing is confirm until PSD releases its statement. If you refer to the MTI report published this morning, growth is only 2.2%. It is actually quite bad.

Originally Posted by Unregistered

lol @ confirm. Nothing is confirm until PSD releases its statement. If you refer to the MTI report published this morning, growth is only 2.2%. It is actually quite bad.

"Against this backdrop, the Singapore economy performed broadly in line with
expectations in the third quarter, with growth primarily supported by the finance &
insurance, manufacturing and business services sectors. Taking into account
Singapore’s GDP performance in the third quarter, GDP growth in the first three
quarters of the year came in at 3.6 per cent on a year-on-year basis.
For the remaining quarter of the year, Singapore’s GDP growth is expected to
moderate but remain firm. In particular, outward-oriented sectors such as the
manufacturing and finance & insurance sectors are expected to continue to expand,
albeit at a more moderate pace, and support GDP growth for the rest of the year.
Taking these factors into consideration, the 2018 GDP growth forecast for
Singapore is narrowed upwards to “3.0 to 3.5 per cent”, from “2.5 to 3.5 per cent”. "

Read the whole MTI report properly. It has narrowed up its GDP growth forecast. Means economy is maintained. Your bonus is paid by year, not quarter. A drop from quarterly 4.1% to 2.2% growth do not equate a bad year. The first half of the FY was very strong.

This year trend seems to be donating eyeballs, so chopping heroes all MIA.

I think the quantum is 0.8 month.

Reason: MTI's economic survey issued this morning project the whole year's growth as "between 3-3.5%". If one looks back at 2014, the same MTI's economic survey's projection also issued in November, it was quite close to the projection this time. In 2014 the AVC was 0.8 month

Of course, I hope the PSD announcement (coming out either tomorrow (Friday) or next Monday) proves me wrong and maintain 1 month AVC.

Year Mid bonus End year Forecast GDP End year Real GDP End year bonus
2014|0.5 2.1 2.9 0.8
2015|0.5 + 500 SG50 2 2.2 0.65
2016|0.45 2 1.5 0.5
2017|0.5 3.5 5 1
2018|0.5 2.5-3.5 2.2 Comfirm 0.5 or less

You know 2.2% GDP is quarter right? The real year end GDP is full year, right?

Originally Posted by Unregistered

You know 2.2% GDP is quarter right? The real year end GDP is full year, right?

For the quarter is 3%

Originally Posted by Unregistered

what chopping hero?? Mind your words....
Confirm Dec Pay + 13mth + 1 month . After deducting 0.5mth in July.

what is given is past, what deducting 0.5 rubbish are you talking about?
people are keen to know what is in their payroll in dec
mid year bonus is already given, how the gov want to phrase it to make it sounds good that it is a good payout to the world, seriously nobody will give a damn about it.
end of the day is what’s in for “me”

Was the announcement delayed last year that's why it was on Monday? Usually would be Friday?

if get 1.0 for dec AVC, I will chop of my d***, take a photo and upload here.