This move was applauded by workers unions, with.
Hence, with the hardly awe-inspiring bonus package for civil servants in 2016, the rest of the workforce can expect to receive humble bonus offerings this year.Minimum pay-out amounts for year-end bonuses have also been implemented since 2012, with a peak in 2013 at 1,600.Singapore: Civil servants in Singapore will receive.5-month mid-year bonus and a one-off payment of at least S300, the Public Service Division (PSD) said on Tuesday (Jun 19).This year's mid-year payment was announced against a backdrop of "sustained expansion in economic activity said PSD, noting that the Singapore economy grew.4 per cent in the first quarter of 2018 and is expected to grow.5 per cent.5 per cent.The year-end AVC payment (including the minimum payment) was decided in consultation with the public sector unions.In 2014, civil servants received a total bonus.3 months and, in 2013,.5 months.According to the year-end bonus figures announced by the Public Service Division for civil servants in Singapore this year, the bonuses offered have been considerably low than that of last year as well.This is lower than the bonus.15 months given last year, when civil servants also received a one- time 500 bonus in celebration of Singapore's jubilee year.Ocbc Bank economist Selena Ling said most people naipes poker cards would have taken into account the gloomy situation.He added: "The bonus."It is a timely sum to help our members cope with year-end expenditures such as their children's education and back-to-school spending said Amalgamated Union of Public Daily Rated Workers general secretary.She noted the "stark improvement" in worker productivity - from.8 per cent in 2016.5 per cent in 2017 - and said ntuc hopes the bonus will encourage workers to "continuously strive for higher productivity and provide better services to the public".This.2 months lower than the 2015s figures.Unemployment rates and retrenchments declined, while total employment grew slightly PSD said in its media release.Mr G Muthukumarasamy, general secretary of the Amalgamated Union of Public Daily Rated Workers, also expressed his approval of the payout.The Singapore economy grew at a slower pace.7 percent in the first three quarters of 2016, compared.1 percent over the same period a year ago.
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Giving an example, the statement said an officer earning 1,500 a month will get a year-end bonus of 900, which is 150 more than what he would get.50 month of his monthly salary.
This is 150 more than what he would get.50 month of his monthly salary (which would have been 750).
While the mid-year bonus tends to stay constant at around.5 months each year, 2009 saw a complete lack of it due to the global recession.
Civil Servant Bonuses Over The Past 10 Years.
School operations support officer Khamis Jamain, 55, said the 900 will go towards his 78-year-old mother's medical bills and loans he had taken from friends.For example, an officer earning a monthly salary of 1,500 will get a year-end AVC of 900.The lower AVC is in line with the lower economic growth for 2016 compared with 2015."We have heard the economy is not doing well, so anything is a bonus he said.The National Trades Union Congress welcomed the payout.This.2 months lower than 2015s figures.
Amalgamated Union of Public Employees (aupe) general secretary Yeo Chun Fing said that civil servants had expected "slightly more" for this year's AVC component, in light of the economy's performance in the last two years.