Yahoo! Newsroom
Civil servants could be getting an additional 0.75 month payout and a dollar quantum for their year-end bonus, according to a report by Channel NewsAsia on Wednesday.
The broadcaster, citing sources, said that this was among the considerations during discussions at the Public Service Division recently, and that official notification on the bonus could be announced on Thursday.
The news comes amid a gloomy global economic outlook, with Singapore predicting sharply lower economic growth of around 5 per cent this year and a further slowdown to between 1 and 3 per cent next year.
In contrast, civil servants received two months bonus payout, comprising of a month's salary for an annual variable component and another month for the 13th-month payment, at the end of last year, when the economy grew by 14.5 per cent.
In July this year, civil servants received a mid-year bonus of half--a-month's salary and $250 after a strong economic performance in the first quarter. The one-off cash payment of $250 was given based on the National Wages Council recommendation to assist low-wage workers with rising price.
Then, the PSD said the government would decide on the year-end bonus for civil servants after considering the Republic's economic performance in the second half of 2011.
