2016 civil service end-year bonus

Originally Posted by Unregistered

no one

neither

Exactly...trust no one until news is out

They just announce gdp growth forcast for 2016, 1 to 1.5% nia. This year bonus sure lower than last year.

[Watatatal]

Originally Posted by Unregistered

They just announce gdp growth forcast for 2016, 1 to 1.5% nia. This year bonus sure lower than last year.

The Singapore economy grew more than expected in the third quarter, with gross domestic product (GDP) coming in at 1.1 per cent compared to a year ago, according to the Ministry of Trade and Industry (MTI) on Thursday (Nov 24).

The final year-on-year GDP figure for the July to September period was higher than the advance reading of 0.6 per cent, and exceeded a forecast of 1 per cent by 17 economists in a Reuters survey.

On a quarter-on-quarter, seasonally adjusted annualised basis, the local economy shrank 2 per cent, coming in better than advance estimates of an unexpectedly sharp 4.1 per cent contraction. Economists surveyed by Reuters had expected Singapore’s third-quarter GDP growth to be down 2.5 per cent from the previous three months.

- CNA

When CNA paints pretty picture means got chance they will use this to justify higher than expected bonuses. fingers crossed.

I think those saying 1.85 might be true.. bcos they include mid year 0.45 + 13th month bonus + 0.4.. so most likely we are getting 0.4 year-end AVC..

Originally Posted by Unregistered

They just announce gdp growth forcast for 2016, 1 to 1.5% nia. This year bonus sure lower than last year.

Of course this year bonus will be lower than last year. Don't listen to those who said it will be higher than last year. They are in their own world.

Should be thankful for any amount of bonus declared. Some here are realistic in the light of present economic condition while there are others in their dreamland and looking at themselves without thinking of broad picture. Just take a look at our export figures and our STI. Looking ahead we are now struggling. Ability to hang on your jobs is already a blessing.

So when would the news be release?

Originally Posted by Unregistered

So when would the news be release?

this evening

0.45mth

Year GDP Growth Mid-Year AVC Year-End AVC Total (including 13th month NPAA)
2008______ 1.7%_______ 0.5 month + $100-$300 0.5 month________ 2 months + $100-$300
2009______ -0.8%_______ 0 month _ 0.25 month_______ 1.25 months
2010______ 14.8%_______0.5 month + $300 1.0 month________ 2.5 months + $300
2011_____ 5.2%________0.5 month + $250 0.75 month_______ 2.25 months + $250
2012______ 1.3%________0.3 month 0.7 month________ 2 months
2013______ 4.7%________0.4 month 1.1 month________ 2.5 months
2014______ 3.3%________0.5 month 0.8 month________ 2.3 months
2015______ 2.0%________0.5 month + $500(SG50) 0.65 month 2.15 months
2016______ 1.0%-1.5%___0.45 month ____ XXX YYY

0.85 is what I heard too.