Annual Variable Component News Today

In total, civil servants will receive 0.9 month in full-year Annual Variable Component for 2023.

As the usual cai fan fare approaches the S$10 mark, coupled with rising costs of electricity, water, and transportation, here’s another kicker: GST is set to climb to nine per cent in 2024. Everything seems to be on the rise except for our salaries, don’t you think? Well, the government is doing something about it. Apart from the cash disbursements...

According to the Public Service Division, the Singapore president earns a S$1.54 million yearly salary -- same as that of the Prime Minister.

This follows careful consideration regarding Singapore's economic outlook and a progressive approach towards mid-year payments.

The mid-year bonus for civil servants is slightly lower than 0.35-month bonus given last year.

Civil servants in grades equivalent to MX15 and below will receive an additional one-time payment of S$700, the Public Service Division said.

The Prime Minister’s Office (PMO) had just announced that Finance Minister Lawrence Wong has been selected to be the leader of the ruling People’s Action Party’s (PAP) fourth-generation (4G) team, paving the way for him to be Singapore’s next prime minister. What is 4G and why is he called the Leader of the 4G, instead of saying he’s the next...

This edition of the guidelines focuses on buiiding a flexible wage system in tandem with business recover; sustaining wage growth for lower-wage workers, and implementing initiatives for upskilling the workforce.