Mid-Year Civil Servant Bonus 2019

jrbearus · #1 (**permalink**) 21-05-2019, 04:57 PM

Anyone has information on the payment? Start stirring.

#2 (**permalink**) 21-05-2019, 05:08 PM

hearsay 0.5 months

#3 (**permalink**) 21-05-2019, 05:13 PM

Should be happy to get 0.5 since the MTI just narrowed GDP forecast (s://.channelnewsasia.com/news/business/singapore-gdp-economy-2019-forecast-growth-q1-11549940) today.

jrbearus · #4 (**permalink**) 21-05-2019, 05:17 PM

Some economic data and previous year bonuses:
MTI Expects GDP Growth to be "1.0 to 3 Per Cent" in 2017 - 0.5 months
MTI Expects GDP Growth to be "2.5 to 3.5 Per Cent" in 2018 - 0.5 months + $300
MTI Expects GDP Growth to be "1.5 to 2.5 Per Cent" in 2019 - ?

#5 (**permalink**) 21-05-2019, 05:18 PM

Can anyone also explain how Prorating words please?

Is it No. of days work / Total number of working days in 1 Jan - 30 Jun 2019 * Salary?

jrbearus · #6 (**permalink**) 21-05-2019, 05:25 PM

Quote:

Originally Posted by Unregistered

Can anyone also explain how Prorating words please?

Is it No. of days work / Total number of working days in 1 Jan - 30 Jun 2019 * Salary?

Mid-year bonus = (Number of days from 1 January to 30 June) divided by (Number of days from 1 January to 30 June) multiple by June salary multiple by the mid-year bonus rate or simply - June salary multiple by the mid-year bonus rate

#7 (**permalink**) 21-05-2019, 06:27 PM

Am I entitled to the bonus if my starting date is 3 Jun? I suspect not entitle but just want to clarify..

#8 (**permalink**) 21-05-2019, 08:02 PM

Quote:

Originally Posted by Unregistered

Am I entitled to the bonus if my starting date is 3 Jun? I suspect not entitle but just want to clarify..

I think yes, since it is paid for work done in 1 Jan - 30 Jun. So it will be prorated by the % of days you worked in this period * mid yr quantum * salary.

#9 (**permalink**) 21-05-2019, 09:17 PM

Quote:

Originally Posted by jrbearus

Some economic data and previous year bonuses:
MTI Expects GDP Growth to be "1.0 to 3 Per Cent" in 2017 - 0.5 months
MTI Expects GDP Growth to be "2.5 to 3.5 Per Cent" in 2018 - 0.5 months + $300
MTI Expects GDP Growth to be "1.5 to 2.5 Per Cent" in 2019 - ?

My guess is 0.5 month + $100 - $200 Bicentennial Bonus. Hahahaha.

jrbearus · #10 (**permalink**) 22-05-2019, 01:17 PM

Quote:

Originally Posted by Unregistered

Am I entitled to the bonus if my starting date is 3 Jun? I suspect not entitle but just want to clarify..

Yes. As per the formula that I have indicated above.