Singapore’s political office-holders received 4.1 months of performance bonus on average in 2017, according to figures cited by Prime Minister Lee Hsien Loong in a written parliamentary reply on Monday (10 September).
The average performance bonus received was a five-year low – political office-holders received an average performance bonus of 4.3 months in 2016, 4.4 months in 2015, 4.2 months in 2014 and 4.3 months in 2013.
Lee was replying to a question filed by Non-Constituency Member of Parliament Leon Perera.
Apart from the monthly salary and the performance bonus, the components of a political office-holder’s salary include a 13th month non-pensionable annual allowance, a National Bonus linked to Singapore’s socio-economic outcomes and an annual variable component as paid to civil servants.
“I formed a Committee in 2017 to review whether the salary framework established in 2012 remains appropriate and valid against its intended goals, and what adjustments may be useful; and whether there is a need to adjust the salaries should there be a change in overall salary levels based on the proposed framework,” said Lee.
In March, Deputy PM Teo Chee Hean told Parliament that the Committee had affirmed that the current salary structure for political office holders, including the National Bonus framework, remained sound.
Lee added, “Therefore, we should maintain this structure. While the MR4 benchmark had increased by 9% since 2011, the Government noted that the 2017 MR4 benchmark was lower than the 2016 MR4 benchmark, and hence had decided to maintain salaries at the current level and watch salary trends further. That remains the position.”