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.
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 48 01-07-2020 03:43 PM
65,400 Jobless in September, will be Significantly More Salary.sg Income and Jobs 0 16-01-2009 05:38 PM

» 30 Recent Threads
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,773 Replies, 1,030,204 Views
ST Electronics ( 1 2 3... Last Page)
3,732 Replies, 1,527,622 Views
NUS (National University of... ( 1 2 3... Last Page)
315 Replies, 314,942 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
681 Replies, 342,560 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
302 Replies, 362,123 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,262 Replies, 2,290,871 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,289 Replies, 4,702,006 Views
Local bank BO pay
0 Replies, 22 Views
Aon Centre for Innovation and...
9 Replies, 6,020 Views
Lawyer Salary ( 1 2 3... Last Page)
20,968 Replies, 10,281,178 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,386 Replies, 768,637 Views
Career as Teacher ( 1 2 3... Last Page)
10,569 Replies, 6,552,044 Views
GovTech ( 1 2 3... Last Page)
5,061 Replies, 2,135,112 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,045 Replies, 4,937,336 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
904 Replies, 500,192 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,254 Replies, 605,282 Views
Compare civil service salary ( 1 2 3... Last Page)
16,314 Replies, 12,396,742 Views
Standard Chartered International... ( 1 2 3... Last Page)
476 Replies, 262,738 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,435 Replies, 1,362,639 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
403 Replies, 485,831 Views
Engineer Pay ( 1 2 3... Last Page)
664 Replies, 454,320 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
501 Replies, 264,178 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
651 Replies, 376,765 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
1,165 Replies, 640,824 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,100 Replies, 3,713,748 Views
DBS ACE Programme ( 1 2 3... Last Page)
119 Replies, 76,926 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,233 Replies, 3,376,078 Views
Work culture in IHiS ( 1 2 3... Last Page)
717 Replies, 535,446 Views
SIA AO grades ( 1 2 3... Last Page)
127 Replies, 101,702 Views
JP Morgan ( 1 2 3... Last Page)
198 Replies, 171,144 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:39 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2