Jobless Graduates Should Consider SAF - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Jobless Graduates Should Consider SAF

Reply
 
Thread Tools
  #1 (permalink)  
Old 16-05-2009, 06:58 PM
Salary.sg
Guest
 
Posts: n/a
Default Jobless Graduates Should Consider SAF

About half of fresh graduates polled here are unemployed. If you are a male fresh graduate affected by the recession, you should consider joining the Singapore Armed Forces.

As reported in ST today, a lieutenant-colonel retiring at age 45 (the current retirement age) will get about $700,000 in gratuity. Such lump sum payments make it attractive for SAF joiners to serve till retirement.

If you have a good honours degree, your starting gross salary is $3,630 as an Officer Cadet Trainee in a combat vocation. If you prefer engineering or logistics vocations, you get $3,390. Without honours, you get about 15-20% less. Still not bad.

If you sign on as a 3-year contract officer, you get a "sign-on bounty" of $10,000 and a end-of-service gratuity of about $6,000. There's also an additional "combatant bonus" of $6,000.

SAF joiners can also participate in the SAVER military scheme, which is "designed for a long term commitment."

Though the details of the SAVER scheme are not available, we now know that the financial rewards of this scheme can be very attractive indeed.

For more info, refer to army recruitment website.

http://www.salary.sg/2009/jobless-gr...-consider-saf/

Reply With Quote
  #2 (permalink)  
Old 16-05-2009, 08:30 PM
al--
Guest
 
Posts: n/a
Default 4662

A narrowly-focused view; only the financial returns of a military career has been taken into consideration

Reply With Quote
  #3 (permalink)  
Old 16-05-2009, 10:24 PM
army--
Guest
 
Posts: n/a
Default 4665

The armed forces offer a great career. Just look at their TV advertisements. Surely, if they can spend so much money producing such attractive TV commercials they must mean what they say.

Reply With Quote
  #4 (permalink)  
Old 16-05-2009, 11:34 PM
yeah--
Guest
 
Posts: n/a
Default 4667

if that's the case, why is my army major fren always on the lookout for lobangs? seems he can't wait to get out of S.A.F.O.
Reply With Quote
  #5 (permalink)  
Old 17-05-2009, 10:47 AM
dream--
Guest
 
Posts: n/a
Default 4670

$700k is a myth. It assumes a particularly high rate of return AND doesnt apply to every LTC..a more realistic figure is about $300k.

whats $300k gonna do for you when one retires at 45/50??

:P
Reply With Quote
  #6 (permalink)  
Old 17-05-2009, 05:01 PM
Alexi--
Guest
 
Posts: n/a
Default 4672

Life in the army is very stressed out and the organisation often suck your weekends away. This is the price to pay for the salary.
Reply With Quote

  #7 (permalink)  
Old 17-05-2009, 05:43 PM
saffc--
Guest
 
Posts: n/a
Default 4673

sign your life away.......
Reply With Quote
  #8 (permalink)  
Old 17-05-2009, 05:59 PM
sour grapes--
Guest
 
Posts: n/a
Default 4674

How much an officer gets in his SAVER when he retires and how much he draws as remuneration when he is in service depends on who he is in the SAF.

Two officers of the same rank can draw pay in disparity of more than 100%.

There is a structured and organised tier system within the organisation for this separation.


SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #9 (permalink)  
Old 17-05-2009, 06:45 PM
sour grapes--
Guest
 
Posts: n/a
Default 4675

SAVER is simply a portion of an officer's monthly salary deposited into a special account, further topped up by the government by another percentage point. It functions on the same principles as CPF, so that the officer can withdraw at the end of his tenure at retirement, on top of his regular CPF. So basically, the amount of SAVER of an officer is entirely dependent on how much his monthly salary was during his service.

Which means the ST report that states a LTC can expect $700k in his SAVER is a flawed estimation and flawed reporting. Since two LTCs can draw a pay difference of over 100%.
Reply With Quote
  #10 (permalink)  
Old 18-05-2009, 12:59 PM
army?--
Guest
 
Posts: n/a
Default 4676

being in army do make sure u are prepared for lots of OT , coz every little thing that happens in saf will convene inquiry and every little thing is an emergency and your bosses will call u back 24/7, not even counting the weekends burnt coz of countless exhibitions or marathons or visits by vips/ mps. lots of office politics (worse than in many other organisations). and, oh, occasionally get sent to iraq even if you have young kid.

if all that's ok, yup, the pay's not bad. =)
Reply With Quote
Reply

Bookmarks

« Previous Thread | Next Thread »

Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Our Poll Results: 45% Fresh Graduates Jobless Salary.sg Income and Jobs 19 26-06-2018 12:13 PM
65,400 Jobless in September, will be Significantly More Salary.sg Income and Jobs 0 16-01-2009 04:38 PM

» 30 Recent Threads
DBS Management Associate Program... ( 1 2 3... Last Page)
904 Replies, 119,819 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,286 Replies, 607,342 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,290 Replies, 1,410,598 Views
Difficult to switch from Public To... ( 1 2)
11 Replies, 1,086 Views
Lawyer Salary ( 1 2 3... Last Page)
4,200 Replies, 1,484,592 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,467 Replies, 380,016 Views
How is life as a doctor in... ( 1 2 3... Last Page)
572 Replies, 634,571 Views
Compare civil service salary ( 1 2 3... Last Page)
7,772 Replies, 4,466,717 Views
NTUC Income Graduate Trainee...
1 Replies, 267 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,053 Replies, 766,520 Views
SIA executive role
7 Replies, 1,268 Views
SIA AO grades ( 1 2)
15 Replies, 4,320 Views
Top paying companies in SG for... ( 1 2 3... Last Page)
71 Replies, 62,592 Views
Fresh degree grad salary... ( 1 2 3... Last Page)
54 Replies, 6,919 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,298 Replies, 454,091 Views
GIC career ( 1 2 3... Last Page)
193 Replies, 252,923 Views
Reference checks ( 1 2 3)
22 Replies, 26,498 Views
Who determines CEP
9 Replies, 1,258 Views
Citibank Singapore ( 1 2 3... Last Page)
76 Replies, 20,572 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
72 Replies, 11,996 Views
OCBC Bank Teller Salary and...
3 Replies, 345 Views
Dsta ( 1 2 3... Last Page)
730 Replies, 422,619 Views
Constituency Manager (People... ( 1 2 3... Last Page)
686 Replies, 342,215 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
100 Replies, 49,060 Views
Where would you invest your money... ( 1 2)
15 Replies, 4,132 Views
Job offer from Apple ( 1 2 3)
26 Replies, 2,904 Views
Career as Teacher ( 1 2 3... Last Page)
1,583 Replies, 1,073,292 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:48 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2