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
The annual salary increase for Singapore's political leaders, which stands at 3.6%, remains lower than the wage growth experienced by the median and lower-income Singaporean workers over the past 15 years, as Chan Chun Sing, Coordinating Minister for Public Services, revealed in Parliament on September 8. The revised reference salary for a starting-grade minister, currently at S$1.1 million, will soar to S$1.8 million after the government implemented the recommendations of an independent committee that reviewed political salaries for the first time since 2012.
The benchmark salary, pegged to the median income of the top 1,000 Singaporean earners, is reduced by 40% to maintain the ethos of political service. Notably, the wage growth for median and lower-income Singaporean workers over the same period amounted to about 4.3% and 4.6% annually, respectively, far surpassing the political salary increase.
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.
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