tell me about it

Woo! Though I won’t get full bonus, probably - only started on the Government’s payroll in June.

Good performers to get more in March 2008

IT looks like 2007 will be a bumper year, financially, for Singapore’s 60,000 civil servants. They will get a year-end Annual Variable Component (AVC) of one month and a Non-Pensionable Annual Allowance (NPAA) - also known as the 13th month or annual wage supplement - of one month, in December. In addition, eligible civil servants will be paid the newly-introduced Growth Bonus in March 2008. Payable in times of exceptional economic performance, this bonus varies in amount depending on individual performance and aims to strengthen the link between performance and pay.

Good performers will receive 0.5 months of Growth Bonus, and better performers will receive more, up to 0.8 months. A statement from the Prime Minister’s Office said the economy has performed better than anticipated this year. The Ministry of Trade and Industry has forecast that the Singapore economy is expected to grow by 7.5 to 8 per cent this year. The unemployment rate has fallen from 2.7 per cent last year to 1.7 per cent, with a record high of 171,500 jobs created in the first nine months of 2007.

In July this year, the Government paid civil servants a mid-year AVC of 0.5 month and a one-off payment of $220, in line with the call by the National Wages Council for employers to help low wage workers.

The total variable payment for 2007 is 2.5 months plus $220, not including the Growth Bonus. With the Growth Bonus, the total payment for a good performer will be three months plus $220 for 2007, compared to 2.7 months plus $220 in 2006.