Singapore Civil Servants To Receive 2 Month Salary Bonus
In view of the strong economic recovery, civil servants will receive a total year-end variable payment amounting to two months.
This comprises the Annual Variable Component (AVC) of one month and a Non-Pensionable Annual Allowance (NPAA), also known as the 13th month payment, of one month.
The Singapore economy has recovered strongly and expanded by 17.9% in the first half of 2010.
The Ministry of Trade and Industry (MTI) has forecasted the 2010 GDP growth at around 15%.
In view of the strong economic recovery, civil servants will receive a total year-end variable payment amounting to two months.
This comprises the Annual Variable Component (AVC) of one month and a Non-Pensionable Annual Allowance (NPAA), also known as the 13th month payment, of one month.
Civil servants received a mid-year AVC of 0.5 month and a one-off dollar quantum of $300 in July. Together with the year-end payment, the total variable payment for 2010 will be 2.5 months and $300.
In March 2011, eligible civil servants will be paid a Special Variable Payment (SVP).
The SVP, formerly known as Growth Bonus, is payable when there is exceptionally good economic growth, and the quantum varies depending on individual performance.
In March 2011, good performers will receive one month of SVP and better performers will receive more, up to 1.6 months, while poor performers will not receive any SVP./Tranungkite
Di Malaysia rasuah mengembang dan ekonomi menguncup,,,,,, kita sebagai rakyat kena terima hakikat, bila elitis memerintah mereka akan kata poie jahanm dgn perkerja sokongan,, kerana mereka si elitis beranpan melayu tidak akan membuek onar dan bising di dalam agensi kerajaan ,, !!!! !!!
BalasPadam