2016 civil service end-year bonus

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Civil servants to get year-end AVC of 0.50 month. Lower-wage civil servants to get minimum year-end AVC of $900.

Civil servants to get year-end AVC of 0.50 month. Lower-wage civil servants to get minimum year-end AVC of $900.

The Singapore economy grew by 1.1% on a year-on-year basis in 3Q16, slower than the 2.0% growth in the previous quarter. The Singapore economy grew at a slower pace of 1.7% in the first three quarters of 2016, compared to 2.1% over the same period a year ago. Taking into account the global and domestic economic environment, the Ministry of Trade and Industry has forecast that the economy will grow by 1.0% to 1.5% for the whole of 2016.

Against this backdrop, civil servants will be paid a year-end Annual Variable Component (AVC) of 0.50 month. Lower-wage civil servants will get a minimum year-end AVC of $900. This signals the Government’s continued commitment to help low-wage workers.

Around 1,900 civil servants will benefit from the minimum AVC payment of $900. For example, an officer earning a monthly salary of $1,500 will get a year-end AVC of $900. This is $150 more than what he would get at 0.50 month of his monthly salary (which would have been $750).

Together with the mid-year AVC of 0.45 month in July 2016, civil servants will receive a full-year AVC of 0.95 month in 2016. This is 0.20 month lower than last year’s full-year AVC of 1.15 months (with a minimum year-end payment of $1,100). The lower AVC is in line with the lower economic growth for 2016 compared with 2015. The year-end AVC payment (including the minimum payment) was decided in consultation with the public sector unions.

All civil servants will also get the Non-Pensionable Annual Allowance (NPAA) of 1 month, to be paid in December together with the AVC.

://.psd.gov.sg/press-room/press-releases/civil-service-year-end-payment-2016

[Watatatal]

Originally Posted by Unregistered

Civil servants to get year-end AVC of 0.50 month. Lower-wage civil servants to get minimum year-end AVC of $900.

The Singapore economy grew by 1.1% on a year-on-year basis in 3Q16, slower than the 2.0% growth in the previous quarter. The Singapore economy grew at a slower pace of 1.7% in the first three quarters of 2016, compared to 2.1% over the same period a year ago. Taking into account the global and domestic economic environment, the Ministry of Trade and Industry has forecast that the economy will grow by 1.0% to 1.5% for the whole of 2016.

Against this backdrop, civil servants will be paid a year-end Annual Variable Component (AVC) of 0.50 month. Lower-wage civil servants will get a minimum year-end AVC of $900. This signals the Government’s continued commitment to help low-wage workers.

Around 1,900 civil servants will benefit from the minimum AVC payment of $900. For example, an officer earning a monthly salary of $1,500 will get a year-end AVC of $900. This is $150 more than what he would get at 0.50 month of his monthly salary (which would have been $750).

Together with the mid-year AVC of 0.45 month in July 2016, civil servants will receive a full-year AVC of 0.95 month in 2016. This is 0.20 month lower than last year’s full-year AVC of 1.15 months (with a minimum year-end payment of $1,100). The lower AVC is in line with the lower economic growth for 2016 compared with 2015. The year-end AVC payment (including the minimum payment) was decided in consultation with the public sector unions.

All civil servants will also get the Non-Pensionable Annual Allowance (NPAA) of 1 month, to be paid in December together with the AVC.

Press Releases | Public Service Division

time to save up people. next year wont be soo lucky. time to close thread see you next year for mid year speculations

[admin]

Civil Servant Bonus 2016 Year End | Salary.sg - Your Salary in Singapore

" All civil servants will be getting a grand total bonus of 1.95 months for the entire 2016.
This is 0.2 month less than last year’s grand total bonus of 2.15 months, which in turn was 0.15 month less than 2014’s grand total bonus of 2.3 months. "

Originally Posted by Unregistered

Latest inside scoop

Too many civil serpents wasting time on meaningless speculation instead of doing work. All previous approvals rescinded. No more bonus this year.

Now get back to work

What makes you think they should be at work? Maybe on leave or day off?

Originally Posted by Unregistered

Will get a year-end bonus of 0.40 month this year amid slowing economic growth. Lower wages will benefit from a minimum payout of $900.

Confirm plus chicken chop.

Closest prediction!