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14-12-2012 02:21 PM
Unregistered
Quote:
Originally Posted by confused_88 View Post
Anyone knows the difference between the rankings of 'MX' (e.g MX11, MX 10 etc) and that of 'Grade' (e.g Grade 8 for CPIO and Grade 13 for CAO) ? Are all these the rank structure of civilian positions?
different places call it differently..so pay also different, cannot compare the two directly. Progress, starting pay, ranking also different.

Are u a male with NS, cos 4k starting seems to be on the high side for civil service
13-12-2012 10:39 PM
confused_88 Anyone knows the difference between the rankings of 'MX' (e.g MX11, MX 10 etc) and that of 'Grade' (e.g Grade 8 for CPIO and Grade 13 for CAO) ? Are all these the rank structure of civilian positions?
13-12-2012 09:35 AM
Unregistered
Quote:
Originally Posted by confused_88 View Post
Can anyone tell me in this era, is it possible for a civil servant to retire comfortably at age 55 with enough to spend for the final days ahead? In the olden days, the pension scheme was very attractive. But today, it does not exist any more.

Many people have advised me on the downside of joining a niche govt job ---- non-transferable skills. If the current retirement plans offered by the govt are sufficient for a retired farmer to continue living without working and without comprising quality of life, I might think it's not too bad a deal....
It really depends on what sort of lifestyle you want. The government generally do not encourage civil servant to retire before 62 and now they are actively pushing for people to retire at 65.

There is no retirement plan to speak of other than CPF and the annuity options they have are all pretty crappy and it would be a struggle if you depend on that. If you want to retire like middle income lifestyle, you will need roughly $5,000 monthly ($60,000 p.a.) to draw down on. Assume you live until 80 then it would mean $60,000 x (80-55) = $1.5M. I do not think most farmer civil servant have $1.5M worth of retirement nest at 55 yrs old.

Of course there is general inflation so the real number 30 years down the road should be $3-4M, but I suppose your wages will also go up as well....
12-12-2012 10:32 PM
confused_88 Can anyone tell me in this era, is it possible for a civil servant to retire comfortably at age 55 with enough to spend for the final days ahead? In the olden days, the pension scheme was very attractive. But today, it does not exist any more.

Many people have advised me on the downside of joining a niche govt job ---- non-transferable skills. If the current retirement plans offered by the govt are sufficient for a retired farmer to continue living without working and without comprising quality of life, I might think it's not too bad a deal....
12-12-2012 05:00 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Please be serious and give proper advise to this person looking for some guidance. Working in the civil service and private sector have their good and bad points. If you are really looking to slog your life away to make the millions and you think you are that capable go ahead. For the majority of us wanting a balanced life but still good enough to hold your head high, the Singapore Civil Service can provide such an environment. It is envied the world over.
You dont even know what the discussion is about. Everybody know civil service more relax and work life balance. I was addressing the fact the civil service guy earlier make a statement if you are good performer, it doesnt matter as you will rise in both public & pte sector. This is patently false, the difference in pay between good performer in public & pte sector is huge.

Quote:
The above guy is either totally ignorant of the situation or cleverly chose to pick only the extreme examples to wrongly prove a point. Banks are more willing to give loans to people with stable jobs (eg Civil Service) but lower salary than those with higher pay but in less secure industry. Teachers are not the lowest nor the highest earners in the service, but they are still buying up condos and houses. Banks love them.
Don't talk nonsense please. There is totally no difference between interest rates and loan terms for mortgaged houses between a teacher and a corporate employee. The location, condition and value of the house is the important collatoral, not one's job. I am presenting facts with numbers that show downpayments and monthly mortgages of a landed house are beyond a teacher's reach. You, on the other hand, offer nothing of substance except a totally baseless claim that banks love to offer morgages to teachers.
12-12-2012 04:20 PM
Unregistered how abt public services?
12-12-2012 03:47 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
In the civil service if you are a farmer, even if you are a superstar performer the max you can hit is MX9 & that's like super rare. A MX9 is only paid 15 -22k, which is equivalent to just a mid level regional manager in a MNC. It is very misleading when you say "you will rise whether in the government service or outside". More like you will rise in government service as a top performer but a top performer outside will shoot to outerspace.

Back in those days when landed properties were going for $500k it is possible for teachers to buy them, but let's get real here - a decent landed property now goes for about $2.5M. 20% downpayment is already $500k which is already a super big struggle for a teacher to raise. The monthly 30y mortgage for a $2m loan at 2% will be nearly $7.5k, that is definitely not something that a teacher can now afford.
Please be serious and give proper advise to this person looking for some guidance. Working in the civil service and private sector have their good and bad points. If you are really looking to slog your life away to make the millions and you think you are that capable go ahead. For the majority of us wanting a balanced life but still good enough to hold your head high, the Singapore Civil Service can provide such an environment. It is envied the world over.

The above guy is either totally ignorant of the situation or cleverly chose to pick only the extreme examples to wrongly prove a point. Banks are more willing to give loans to people with stable jobs (eg Civil Service) but lower salary than those with higher pay but in less secure industry. Teachers are not the lowest nor the highest earners in the service, but they are still buying up condos and houses. Banks love them.
12-12-2012 12:09 PM
Unregistered
Quote:
Originally Posted by confused_88 View Post
I'm actually quite keen to join the govt sector but I'm just worried about fitting in back to the private sector for accounting positions after a few years if I feel I'm not suitable being an investigator.

Also, I think govt positions (doing investigation work) for commoners like me seems hard to break the 10K p.m ceiling after maybe 20-30 years? If I'm wrong please correct me...
Generally speaking, if you have a ACCA or CPA cert but no relevant experience and waster 3-4 years in a niche government job, the only accounting jobs you will get is going to be account assistant or account executive max. Be prepared for a paycut as such jobs pay <3k.

Based on current ranges, most civil servants will not hit 10k in their lives. 10k is the max of MX11, i.e. Deputy Director. Most civil servant end their career at around 8-9k. If you are a very good performer, you might reach MX10, the start of superscale as Director 10-15k. If you are superstar and play max politics, a very tiny group of farmers will hit MX9 as Senior Directors 15-22k.

15-22k might sound high for a civil servant, but as far as top performers in pte sector goes, that is ground nuts & tapioca. High potentials in pte sector can hit this sort of pay by early - mid 30s.
12-12-2012 11:58 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
And if building wealth is your concern, maybe you are not aware that many of the landed properties out there are actually owned by civil servants including many teachers!

At the end of the day, if you are capable, you will rise whether in the government service or outside. And if you are not capable better to secure a place in the government service. At least they do not sack you, at most you get stuck at a very low appointment.
In the civil service if you are a farmer, even if you are a superstar performer the max you can hit is MX9 & that's like super rare. A MX9 is only paid 15 -22k, which is equivalent to just a mid level regional manager in a MNC. It is very misleading when you say "you will rise whether in the government service or outside". More like you will rise in government service as a top performer but a top performer outside will shoot to outerspace.

Back in those days when landed properties were going for $500k it is possible for teachers to buy them, but let's get real here - a decent landed property now goes for about $2.5M. 20% downpayment is already $500k which is already a super big struggle for a teacher to raise. The monthly 30y mortgage for a $2m loan at 2% will be nearly $7.5k, that is definitely not something that a teacher can now afford.
12-12-2012 11:36 AM
confused_88
Quote:
Originally Posted by Unregistered View Post

And if building wealth is your concern, maybe you are not aware that many of the landed properties out there are actually owned by civil servants including many teachers!

At the end of the day, if you are capable, you will rise whether in the government service or outside. And if you are not capable better to secure a place in the government service. At least they do not sack you, at most you get stuck at a very low appointment.
I'm actually quite keen to join the govt sector but I'm just worried about fitting in back to the private sector for accounting positions after a few years if I feel I'm not suitable being an investigator.

Also, I think govt positions (doing investigation work) for commoners like me seems hard to break the 10K p.m ceiling after maybe 20-30 years? If I'm wrong please correct me...
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