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21-05-2019, 04:57 PM
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Super Member
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Join Date: Jun 2015
Posts: 136
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Mid-Year Civil Servant Bonus 2019
Anyone has information on the payment? Start stirring.
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21-05-2019, 05:08 PM
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21-05-2019, 05:13 PM
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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.
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21-05-2019, 05:17 PM
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Super Member
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Join Date: Jun 2015
Posts: 136
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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 - ?
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21-05-2019, 05:18 PM
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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?
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21-05-2019, 05:25 PM
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Super Member
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Join Date: Jun 2015
Posts: 136
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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?
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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
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21-05-2019, 06:27 PM
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If starting date is 3 June..
Am I entitled to the bonus if my starting date is 3 Jun? I suspect not entitle but just want to clarify..
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21-05-2019, 08:02 PM
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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..
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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.
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21-05-2019, 09:17 PM
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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.
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22-05-2019, 01:17 PM
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Super Member
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Join Date: Jun 2015
Posts: 136
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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..
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Yes. As per the formula that I have indicated above.
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