1/05/2012

What is the maximum payout possible?

The Today paper has a chart listing the amount that could be paid out to a political appointment holder under the current framework.

1. 12 mths basic salary
2. 1 mth NPAA
3. 1 mth Special Allowance
4. 2 mths Public Leadership Allowance

The above are fixed or guaranteed. Thus an appointee will get 16 mths of his basic salary. Below are the variables.

5. 0-1.5 mths Annual Variable Component
6. 0-14 mths Performance Bonus
7. 0-8 mths GDP Bonus

Put the two parts together and looking at the maximum it means that a political appointment holder could get a maximum of 16 mths + 23.5 mths in total annual salary, or 39.5 months.

It would be unlikely that many of them would be getting this full sum, but there should be a few of the super talented ones getting them, 39.5 mths or 3.29 times of annual salary. So if a minister is getting $2m, his annual income could be $6.58m. And if the PM is $3 his annual income could be $9.87m! This is theoretical of course.

Last year was a good year with GDP at a record high, like 15%. How to get such a phenomenal growth rate is short of miraculous indeed. It must be raining gold from heaven. Did any of the good performers get the max, or how many get near to the 39.5 mths, or 36 mths not to be too ambitious?

8 comments:

Matilah_Singapura said...

Can go higher some more. The People must look after their deities forever, otherwise what is the point?

If the people have no problem with their "entitlement mentality " getting freebies from cradle to grave, then it is also reasonable for the super talents to be treated the same.

The amounts may differ comparing average citizens to super talents, but that is to be expected and appreciated. Super talents contribute MORE to the commonwealth of the nation than some low frequency low energy entitlement welfare junkie citizen

Anonymous said...

The so called "pay-cut" is making a mockery of how daft sinkies are. Still , million dollar salaries taken out of tax payer's pockets. They have not generated any real income by producing anything tangible except devising more ways to fleece sinkies to fatten their own coffers. Like that , I os know how to do lah ... PUI !!!!!

Anonymous said...

Looking at the way these greasy pigs are helping themselves with such fat pay cheques makes me sick.

Matilah_Singapura said...

@anon420 : wow 420, nice number :-D

>> They have not generated any real income by producing anything tangible <

No, no. Most of us cannot do what they do because we're too decent.

Every decent man is ashamed of the government he lives under.
H. L. Mencken

Anonymous said...

RB,

Like the well known analogy about a bikini - what it doesn't show is far more interesting than what it shows!

Anonymous said...

Sinkies were totally unaware of all these benefits until now, after the salary review. Had sinkies known of these well kept secrets before the GE2011, the pappies might have suffered a bigger loss of votes/seats.

Chua Chin Leng aka redbean said...

Reading at some of the blogs I am really terrified at the simplicity of the sinkie mind. Too much fat must have replaced the brain juice.

Many would just take the numbers given in the media as the pay of the ministers. They just do not want to know what is the total annual payout of the ministers.

Maybe the truth is too much for them to accept and they may blank out.

Anonymous said...

Sinkies have perpetual long term memory deficit, I am sure after all the KPKB in so many forums , when it comes to the crunch , PAP will still get the majority votes. Sorry, I have no faith in the daft sinkies who have been trained to be daft.