 |
|
25-11-2021, 05:11 PM
|
|
|
s://.psd.gov.sg/press-room/press-releases/civil-service-year-end-payments-2021
In recognition of the sustained hard work and diverse contributions of officers in the fight against COVID-19, the Government, in close consultation with the public sector unions, will pay all civil servants a year-end bonus of 1.0 month. Civil servants in grades equivalent to MX15 and MX16, as well as those in OSS Grades III to V will receive an additional one-time payment of $500. The Government will continue to pay the Non-Pensionable Annual Allowance of 1.0 month to all civil servants.
Over the past year, public officers have continued to dedicate themselves to the national fight against COVID-19 and have worked tirelessly to keep Singapore and Singaporeans safe.
In addition, Singapore’s economy remains on track for a recovery in 2021. The economy expanded by 7.1% on a year-on-year basis in the third quarter of 2021 and the Ministry of Trade and Industry has updated its GDP growth forecast to “around 7.0%” for 2021. On the labour market front, resident employment grew more quickly in the third quarter, particularly in outward-oriented industries, and unemployment rates declined for the second consecutive month in September 2021.
In recognition of their sustained hard work and diverse contributions, and against the backdrop of the economic recovery, the Government, in close consultation with the public sector unions, has decided to pay all civil servants a year-end Annual Variable Component (AVC) of 1.0 month. In line with the National Wages Council’s recommendations to uplift the wages of lower-wage workers, civil servants in grades equivalent to MX15 and MX16, as well as those in OSS Grades III to V will receive an additional one-time lump-sum payment of $500. Taken together with the mid-year payments, civil servants will receive a total of 1.3 months in full-year AVC, with those in more junior grades receiving an additional one-time payment of up to $1,200 in 2021.
The Government will continue to pay the Non-Pensionable Annual Allowance (NPAA – 13th month bonus) of 1.0 month to all civil servants.
The Public Service has demonstrated tenacity and resolve in the prolonged battle against COVID-19. The Government deeply appreciates the hard work and perseverance of all public officers in the fight against the pandemic. Working together, we will emerge stronger from this crisis, as a nation.
|
25-11-2021, 05:11 PM
|
|
|
Nice! After two years of pathetic year end bonus.
|
25-11-2021, 05:14 PM
|
|
|
Quote:
Originally Posted by Unregistered
Just to share that the formula to calculate the EOY bonus payment has been midified to not only reflect GDP growth but also the recent rise in the number of COVID infections.
As such , the 2021 EOY bonus will be 0.2mth + 13AWS. This has been confirmed.
|
Oooi, so you said your formula confirmed, but how come you wrong har? Got any last words before i chop your didi? 
|
25-11-2021, 05:19 PM
|
|
|
Ladies and Gentlemen, the newly updated table.
2017 GDP 4.52% 1 mth year-end bonus
2018 GDP 3.50% 1 mth year-end bonus
2019 GDP 1.35% 0.1 mth year-end bonus
2020 GDP -5.39% 0 year-end bonus
2021 GDP 7%~ 1 mth year-end bonus
See you didi chopper in 6 mths. Hope it grows back by then.
|
25-11-2021, 05:19 PM
|
|
|
Read properly.. total 3 mths.. 1 + 1 + 1
|
25-11-2021, 05:28 PM
|
|
|
Quote:
Originally Posted by Unregistered
Salary, AWS, EOY bonus all pay out on the 12th?
|
Yes, yes and yes!
|
25-11-2021, 05:38 PM
|
|
|
Quote:
Originally Posted by Unregistered
Yes, yes and yes!
|
Thank you. Congrats all!
|
25-11-2021, 05:44 PM
|
|
|
Ok!!!! Gona shave my armpits tonight to honour words!
|
|
|
Posting Rules
|
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» 30 Recent Threads |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Can buy airplane tics already
