After the ministerial pay review in 2011, Singaporeans have been under the impression there were hefty reductions of up to 33%. In reality, PAP ministers are likely be paying themselves only slightly less than before: PAP has not disclosed ministerial salaries since 2012.
The new framework leaves too much room for salaries to be adjusted at PAP’s whim.
While the National Bonus is transparent, Performance Bonus is totally subjective. For example, the economy could be doing badly but a minister could be considered to have excellent performance because he/she has gained some political mileage for PAP.
Based on the new framework, ministers were likely paid 10 months’ bonuses in 2017.
With a total of 22 months’ pay, an MR4 minister would have received $1.21 million ($55,000 X 22 months). This is only a 23% decrease, assuming a typical 3 months’ performance bonus.
Since the (PAP) economy was doing very well last year, ie National Bonus almost hit maximum, were performance bonuses similar to National Bonus’ 5.25 months?
Were then soon-to-retire ministers rewarded with a higher performance bonus?
Unlike ministers, the maximum PM’s National Bonus is 12 months, double that of ministers’. Since this can be computed, ie 5.25 months for ministers (image below), does it mean that the PM received a 10.5 months’ National Bonus in 2017?
If this is true, it will mean the PM’s remuneration was 27.25 months’ last year, ie $2.99 million ($110,000 X 27.25 months).
Isn’t this almost unchanged from pre ministerial salary review?
How much have ministers pay been reduced?
Why do PAP ministers fear disclosure if the new framework has not misled Singaporeans?