Political salary increase works out to 3.6% a year, below wage growth for Singaporeans: Chan Chun Sing
Yearly increase still below wage growth of median and lower-income Singaporean workers
In the past 15 years, political salaries in Singapore have remained unchanged, while the wage growth for median and lower-income Singaporean workers has been significantly higher, reaching approximately 4.3% and 4.6% annually respectively. The benchmark for political salaries, pegged to the median annual income of the top 1,000 earners with a 40% discount, will now increase to S$1.8 million, up from S$1.1 million.
Entry-level ministers will see their salaries rise to S$1.2 million from S$1.1 million, while existing political office holders will receive a one-off adjustment of up to 9%, depending on individual circumstances. The government has also decided to widen salary ranges for other political office holders, merge certain grades, and increase MP allowances, costing about S$5 million more annually for political officeholders and S$6.6 million more for MPs.
Written by urgent.news from The Business Times - Singapore's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
