OUB Centre at Raffles Place on a Saturday morning. Shops just opening.
Myth 184 - How much is the President and PM paid?
Officially and often quoted in theTOM, both are paid about $3.4 to $3.6 million annually, not including any other perks. It is also a well known fact that the annual bonus is between 6 mths to 9 mths, possibly 12 mths. So how much when you add both together? $3.4m or $3.6m? Or $5-$7 mil?
And the life time pension of something like 75% of their basic pay could boost this amount by easily another $2 mil.
So how much are their pays?