Singapore civil servants to get 0.35-month mid-year bonus, Latest Singapore News
All civil servants will obtain a 0.35-month mid-year bonus, with junior employees getting one other $200 to $400 on high of the bonus.
In an announcement on Monday (June 20), the Public Service Division (PSD) mentioned the bonus takes into consideration that Singapore’s gross home product development in 2022 is prone to are available on the decrease half of the forecast vary of three to five per cent.
Nonetheless, it is going to be greater than the 0.3-month bonus given to civil servants last year.
The one-time cost for junior employees, nevertheless, is decrease than the $350 to $700 given in 2021.
The PSD mentioned the bonus quantity was determined in shut session with public sector unions.
“The Government deeply appreciates the hard work and contribution of all public officers.”
Civil servants in grades equal to MX13(I) and MX14 will obtain an extra one-time cost of $200. Those in grades equal to MX15 and MX16, and people within the Operations Support Scheme (OSS) Grades III to V will get a better one-time cost of $400.
The PSD famous that regardless of the financial restoration and declining unemployment off the again of a stabilising Covid-19 state of affairs, “significant downside risks remain ahead for Singapore”.
“The external demand outlook in 2022 has deteriorated, due in part to the Russia-Ukraine conflict, which has exacerbated global supply disruptions and adversely affected the growth of many economies.”
It added: “In deciding the year-end AVC (annual variable component) payments, the Government will continue to monitor the economic situation closely, and take into consideration the National Wages Council’s guidelines, which will be released later in the year.”
Singapore civil servants to get 0.35-month mid-year bonus, Latest Singapore News.
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