End of Year Bonus 2017

Originally Posted by Unregistered

Today announce PSLE liao. So prolly next Monday PSD then will announce year end bonus.. i guesss its between 0.5 to 0.65.

Full year growth 3.5% leh how come 0.5?..walaowei..do some research sioll

Originally Posted by Unregistered

In 2007, it was announced on 27 Nov. After a decade, it will be announced on the same day. Maybe some kind of fengshui?

If follow the 2007 trend, I don't mind waiting! That year was coupled with the Growth Bonus !

some of the posts here are really funny. make me laugh till the sides of my tummy hurt.
lets examine the year-end bonus paid out to civil servants since 2012.

2012 (GDP estimated at 1.5%)
Non-Pensionable Annual Allowance (NPAA) of 1 month + 0.7 month

2013 (GDP estimated between 3.5 - 4%)
NPAA of 1 month + 1.1 months

2014 (GDP estimated at 3%)
NPAA of 1 month + 0.8 month

2015 (GDP estimated at 2%)
NPAA of 1 month + 0.65 month

2016 (GDP estimated between 1 - 1.5%)
NPAA of 1 month + 0.5 month

Now let's look at our quarterly GDP for 2017
Q1 +2.5%
Q2 +2.9%
Q3 + 5.2%
Q4 > anyone's guess

Even if the Q4 growth is a conservative 2%, whole year GDP will be at least +3% which will be almost similar to 2014's GDP where the year-end bonus payout was 1 month + 0.8 month. Anything more than 0.8 month would be welcomed but if the payout is less than 0.8 month, I'm sure most civil servants would be a little disappointed. I saw someone mentioned about a Growth Bonus. That only comes into play if the GDP for the year is +5% or better.

Announcement should be made soon. For the past 3 years, year-end bonus announcement was always made on 25 Nov.

Originally Posted by luffuntilwantodie

some of the posts here are really funny. make me laugh till the sides of my tummy hurt.
lets examine the year-end bonus paid out to civil servants since 2012.

2012 (GDP estimated at 1.5%)
Non-Pensionable Annual Allowance (NPAA) of 1 month + 0.7 month

2013 (GDP estimated between 3.5 - 4%)
NPAA of 1 month + 1.1 months

2014 (GDP estimated at 3%)
NPAA of 1 month + 0.8 month

2015 (GDP estimated at 2%)
NPAA of 1 month + 0.65 month

2016 (GDP estimated between 1 - 1.5%)
NPAA of 1 month + 0.5 month

Now let's look at our quarterly GDP for 2017
Q1 +2.5%
Q2 +2.9%
Q3 + 5.2%
Q4 > anyone's guess

Even if the Q4 growth is a conservative 2%, whole year GDP will be at least +3% which will be almost similar to 2014's GDP where the year-end bonus payout was 1 month + 0.8 month. Anything more than 0.8 month would be welcomed but if the payout is less than 0.8 month, I'm sure most civil servants would be a little disappointed. I saw someone mentioned about a Growth Bonus. That only comes into play if the GDP for the year is +5% or better.

Announcement should be made soon. For the past 3 years, year-end bonus announcement was always made on 25 Nov.

25 Nov is Sat leh, will they do it?

Originally Posted by Your Ah Kong's Son

Dun anyhow lah.. 13th mth + 2mth (1mth on Dec + 1mth to be given on March2018 as special bonus).

Nonsense. Last time when there was growth bonus in 2007, our economy growth was estimated to grow by 7.5-8%. In short, don't anyhow spread.

Originally Posted by luffuntilwantodie

some of the posts here are really funny. make me laugh till the sides of my tummy hurt.
lets examine the year-end bonus paid out to civil servants since 2012.

2012 (GDP estimated at 1.5%)
Non-Pensionable Annual Allowance (NPAA) of 1 month + 0.7 month

2013 (GDP estimated between 3.5 - 4%)
NPAA of 1 month + 1.1 months

2014 (GDP estimated at 3%)
NPAA of 1 month + 0.8 month

2015 (GDP estimated at 2%)
NPAA of 1 month + 0.65 month

2016 (GDP estimated between 1 - 1.5%)
NPAA of 1 month + 0.5 month

Now let's look at our quarterly GDP for 2017
Q1 +2.5%
Q2 +2.9%
Q3 + 5.2%
Q4 > anyone's guess

Even if the Q4 growth is a conservative 2%, whole year GDP will be at least +3% which will be almost similar to 2014's GDP where the year-end bonus payout was 1 month + 0.8 month. Anything more than 0.8 month would be welcomed but if the payout is less than 0.8 month, I'm sure most civil servants would be a little disappointed. I saw someone mentioned about a Growth Bonus. That only comes into play if the GDP for the year is +5% or better.

Announcement should be made soon. For the past 3 years, year-end bonus announcement was always made on 25 Nov.

inaccurate facts.

2016 is NPAA of 1 month + 0.75 leh. dun anyhow.

Originally Posted by Unregistered

inaccurate facts.

2016 is NPAA of 1 month + 0.75 leh. dun anyhow.

last yr is 13mth + 0.5mth, u wrong liao

://.straitstimes.com/singapore/civil-servants-to-get-year-end-bonus-of-05-month-down-from-last-years-065-month

Originally Posted by Unregistered

last yr is 13mth + 0.5mth, u wrong liao

://.straitstimes.com/singapore/civil-servants-to-get-year-end-bonus-of-05-month-down-from-last-years-065-month

my bad. sorry. anyway will it be possible if tmr psd announce?

Originally Posted by Unregistered

my bad. sorry. anyway will it be possible if tmr psd announce?

Announced Liao 0.65

://sph-vld7.shareinvestor.com/dailyfree/public-servants-to-get-065-month-year-end-bonus/

Originally Posted by Unregistered

inaccurate facts.

2016 is NPAA of 1 month + 0.75 leh. dun anyhow.

No, it's 0.5

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