RR Phantom
Location : Wasted Space Job/hobbies : Cayman Islands Actuary
| Subject: Cut in pay for Singapore statists Mon Jan 19, 2009 6:33 pm | |
| THE salaries of Cabinet ministers and senior civil servants are slated to drop further this year as the economy shrinks.
They will fall by between 12 per cent and 20 per cent.
Even then, they 'may be subject to further adjustments given the volatility of the economy', said the Minister in charge of the civil service, Mr Teo Chee Hean.
The decline is slightly steeper than what the civil service had announced last November.
Then, it had said senior permanent secretaries and entry-grade ministers at the MR4 grade will get 18 per cent less in 2009, compared to 2008.
Now, they will get 20 per cent less, putting their annual pay package at $1.54 million, said Mr Teo.
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