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Civil Service Year End Bonus.

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  #91 (permalink)  
Old 25-11-2014, 02:25 PM
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rumours in PSD that it will be ~1.5 this year

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  #92 (permalink)  
Old 25-11-2014, 02:30 PM
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Rumours from finance and top mgmt is also 1.5 over at my end.

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  #93 (permalink)  
Old 25-11-2014, 02:46 PM
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Have a feeling, 3months for the whole year. Hopefully, a growth bonus to add in also.

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  #94 (permalink)  
Old 25-11-2014, 03:25 PM
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just checked with my.. umm.. sources..
1.8.. confirm guarantee chop

believe this. cuz its on the internet.
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  #95 (permalink)  
Old 25-11-2014, 03:36 PM
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just checked with my SLT. Possibility of 2.25 months.
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  #96 (permalink)  
Old 25-11-2014, 03:42 PM
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Default Neyworse the

What rubbish

All these ppl anyhow chop
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  #97 (permalink)  
Old 25-11-2014, 03:46 PM
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Just check with my PM, 8 months all in. swee la!
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  #98 (permalink)  
Old 25-11-2014, 03:47 PM
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My father said it'll be about 1.736 months year end bonus ex. 13th month. My father is lee hsien yang.
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  #99 (permalink)  
Old 25-11-2014, 03:47 PM
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My mother is anwar, she said it'll be lower than malaysia's which is 2.012 months.
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  #100 (permalink)  
Old 25-11-2014, 04:23 PM
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Default $$$

Civil Service Payments


Year End Annual Variable Component of 2.0-month for all civil servants

The Singapore economy grew by 4.9% on a year-on-year basis in the fourth quarter of 2014, unchanged from the growth recorded in the preceding quarter. Global economic growth is expected to improve in 2015, supported by continued recovery in the US and the Eurozone.

In Asia, while the ASEAN economies are likely to remain resilient, China’s growth is expected to moderate slightly in 2014. Amidst this global backdrop, the Ministry of Trade and Industry forecasts GDP growth of 2% to 4% for 2014. Nevertheless, downside risks remain, such as monetary conditions in the US tightening faster than expected. The overall unemployment rate in Singapore remained low at 2.1% in March 2014.

Against this backdrop, the Government has decided to pay a year-end Annual Variable Component (AVC) of 2.0-month.

The Government also supports the National Wages Council’s (NWC) recommendation to grant a dollar-for-dollar Growth Bonus to all civil servants. This is over and above the 13th month wage supplement.

The AVC and the Growth Bonus will be paid in December 2014.

The year-end payments were decided in consultation with the public sector unions.
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