Political office holders to receive 1.6 months National Bonus
All political appointment holders, from Parliamentary Secretary to Deputy Prime Minister, will receive a pro-rated National Bonus of 1.618 months in March, a drop from last year’s rate of 2.625 months.
According to a statement released by the Public Service Division (PSD) on Monday, all political appointment holders will get the same National Bonus rate to reflect their joint contributions as part of the Cabinet.
However, the Prime Minister will receive twice the amount as he does not receive a performance bonus.
The National Bonus rate was recalculated based on the approved formula after the new ministerial salaries took effect on 21 May last year.
The National Bonus provides a direct link between the salaries of political appointment holders and the socio-economic progress of average and lower-income Singapore citizens and the growth of Singapore.
It is based on four socio-economic indicators with each accounting for 25 per cent of the payout.
