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Civil servants in Singapore will get a one-month year-end bonus for 2021.
The Singapore authorities, in shut session with the general public sector unions, can pay all civil servants a year-end one-month bonus.
Civil servants in grades equal to MX15 and MX16, in addition to these in OSS Grades III to V will obtain a further one-time cost of S$500.
The federal government will proceed to pay the non-pensionable annual allowance, also referred to as the thirteenth month bonus of 1 month, to all civil servants.
Particulars in full
A press launch by the Public Service Division stated that is in recognition of the sustained laborious work and various contributions of officers within the struggle towards Covid-19.
Pegged to financial development
Civil servant bonuses are pegged to Singapore’s financial development.
The press launch added that Singapore’s financial system stays on monitor for a restoration in 2021.
The financial system expanded by 7.1 per cent on a year-on-year foundation within the third quarter of 2021 and the Ministry of Commerce and Business has up to date its GDP development forecast to round 7.0 per cent for 2021.
On the labour market entrance, resident employment grew extra rapidly within the third quarter, significantly in outward-oriented industries, and unemployment charges declined for the second consecutive month in September 2021.
All civil servants will obtain a year-end annual variable part (AVC) bonus of 1 month.
And in step with the Nationwide Wages Council’s suggestions to uplift the wages of lower-wage employees, civil servants in grades equal to MX15 and MX16, in addition to these in OSS Grades III to V will obtain a further one-time lump-sum cost of S$500.
Taken along with the mid-year funds, civil servants will obtain a complete of 1.3 months in full-year AVC, with these in additional junior grades receiving a further one-time cost of as much as S$1,200 in 2021.
High photograph by way of Unsplash
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