Tuesday, 3 January 2012

Potong Atrocious Pay - Chinese New Year Hong Bao for Singaporeans!

[Commentary : Excellent! Potong Atrocious Pay...however, remember that in April 2007 it took them only one month to increase their salaries and now it takes 7 months and a committee to cut their pay. It really begs the question, if PAP did not lose a GRC, a minister and two office holders in the recent elections will they have cut their pay?

The REAL HARD TRUTH is NO!  If Singaporeans did not exercise their vote in the recent elections, the practices of paying themselves disgusting amounts of $$$, increasing housing prices, increasing GST & ERP & COE, indiscriminate influx of foreigners etc would have continued.

If they lose two GRCs in the 2016 elections, will we see the GST reduced from 7% to 5%, Singaporeans preferred housing, schooling, business and employment policies, increased welfare for the poorest Singaporeans, establishment of a Singaporean minimum wage ?

SINGAPOREANS! It is time for us to take back the destiny of our country! Exercise your vote wisely in 2016 !]

SINGAPORE: The Review Committee, appointed by the Prime Minister to look at Ministerial salaries, has recommended cuts of between 36 and 53 per cent.

This was disclosed by Committee Chairman, Gerard Ee, on Wednesday at a
news conference .

The committee also recommended for the pension scheme to be removed entirely for new office holders.

This will be applicable to those who are appointed on or after 21 May 2011.

Those appointed before that, will also be affected.

The Committee was appointed after the general election in May last year, and had submitted its report to the Prime Minister on December 30.

Prime Minister Lee Hsien Loong had announced the review at the swearing-in ceremony of the new cabinet in May last year.

Among the recommendations made are the Prime Minister's annual salary to be cut by 36 per cent, to S$2.2 million.

The President's annual salary is reduced by 51 per cent, to S$1.54 million.

The Speaker of Parliament will see the biggest percentage cut of 53 per cent, to S$550,000.

The lowest percentage change of a 20 per cent cut is for the Mayor and Senior Parliamentary Secretary positions.

Mayors will now get S$660,000 while Senior Parliamentary Secretaries will get S$572,000.

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