Jan 4, 2012

of ministerial salary review committee recommends pay cuts up to 53%

The Ministerial Salary Review Committee has recommended cuts in ministers' salary. The committee chairman, Gerard Ee, spoke at a news conference held today.

The proposed pay formula is based on the median salary of the top 1,000 earners with a 40 per cent discount. The annual pay are as follows:

The president: S$1.54 million (51 percent pay cut)
The Speaker of Parliament: S$550,000 (53 percent pay cut)
The prime minister: S$2.2 million (36 percent pay cut)
Ministers: S$1.1 million (37 percent pay cut)
Junior minister: S$935,000

The Annual Variable Component (AVC) for ministers will range from zero to 1.5 months, a performance bonus of up to six months and a National Bonus of up to six months.

Read more (PM, ministers face pay cut of 36%-37%)

The report can be downloaded from www.reviewcommittee2011.sg

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