4/10/2007

hard questions in parliament

Samples of Hard Questions raised in Parliament 'My Greatest worry is that an open ended linkage between ministerial salaires and top earners,...could in the long run undermine the moral authority the Govt needs to lead the people...' NMP Siew Kum Hong 'There are others who feel our Govt leaders are paid to much compared to other countries...This comparison is grossly unfair.... The key issue here is that of opportunity cost. If our ministers decide not to be ministers...chances are they'll be head honchos of some of our listed companies....' NMP Gautam Banerjee 'With the right leaders, no amount is too much. With not the right leaders, any amount sees too much- that is the heart of the issue.' MP Alvin Yeo 'I believe that the great public interest generated...serves as a timely reminder for those of us in public office that we are measured by the extent of our active compassion for our fellow citizens.' Mayor Zainudin Nordin '...the senior civil servants will never, ever have to face a downward cycle because it is pegged to the salaries of top earners (in the private sector) and there will always be top earners.' MP Lim Biow Chuan The issue is about timing. 'Has the PM lost a single minister or a perm sec? I think the issue is not as urgent as it's made out to seem....about a month ago, debating and arguing why we shouldn't be giving our Public Assistance recipients - some 3,000 of them - another $100...and now we are talking about million dollar salary increases.' MP Inderjit Singh 'What signals are we sending Singaporeans?' Inderjit Singh '....We believe there is no need for enormously large salaries to attract and retain the right talent... It's also ironic that we are consuming taxpayers' money and discussing how much more of a fraction of a million to pay civil servants and ministers while we haggle over additional tens of dollars to hand out to our needy and disadvantaged citizens.' MP Low Thia Khiang '...ministers in other countries may make more money after their term in office ends, such as through public speaking.' Well spoken by MP Josephine Teo

How much is your IQ?

How much is your IQ? The intelligence or ability of Singaporeans is measured by how much the person earns. The more he earns the higher is his intelligence and the more qualified he is to run the country. At least that is about what it means during the discussion on ministerial salary over the last few days and in Parliament. We need to pay competitive salary, actually means very high salary, to attract good people, which means people earning very high salary, to be in the govt. People like Wee Cho Yaw, Ng Teng Fong, Ong Beng Seng and Quek Leng Beng, or Sim Wong Hoo, or our Popiah King, or the former Remisier King, will be excellent candidates for the next election. Unfortunately the salary for ministers is still too low to attract them. Mahamat Gandhi, the pauper, will not qualify as a talent in our context. So will Deng Xiao Ping. Or for that matter, all the Presidents and Prime Ministers around the world who earn less than a peanut, will not be good enough for us. Our talents can now briefly be classified under $300,000 a month Top Super Talent or TST. The next level is $30,000 a month Super Talent or ST. The $3000 a month talent should be familiar to all, the FT or Foreign Talent. At the lowest level, the $300 a month NT, No Talent. And one group that I have left out or best forgotten, the ULT, Unwanted Local Talent, found only in overseas market. Some can be found hiding behind the wheels of taxis.

4/09/2007

good news!

Good news! 'MINISTERS' salary will rise to $1.6 million from $1.2 million by end of this year. Announcing the pay rise, Minister in-charge of civil service, Teo Chee Hean said on Monday, ministers' pay will be raised further to $1.94 million by end of 2008.' posted by legolas in YPAP forum. Let's hope the ministers are happy with the pay rise and we can have a clean and honest govt. Singaporeans are so lucky that they are not asking for the full offset of the shortfall according to the formula.

Don't expect hefty payrise

Don't expect hefty payrise Hay Group, a human resource consultancy, has cautioned that payrise would be in the range of 2.8% to 3.2% for professionals and senior management. And the reason, according to its MD Roland Ruiz, 'Singapore's current salary levels are already among the highest in the region, which explains the smaller percentage growth.'

Ministerial Pay Debate

Ministerial Pay Debate Today is the day for Parliament to debate on the issue of Ministerial Pay. Let me summarise the justifications put forth so far. 1. The formula said so. According to the formula, the minister's pay is below the bench mark by $1 mil. 2. If we don't pay them the govt may become corrupt. 3. Or they may be poached by Morgan Stanley or other American companies and be paid $5 mil or more. 4. No talented people will come forward to serve. 5. Our women folks will become maids. 6. Singaporeans and the economy will suffer. While there will be a debate, I just read in the paper that there will be no voting. No need to vote? That means it will be passed. Anyway, the MPs promise to ask tough questions. Might as well since the decision has already been made and nothing they said will change the outcome. So far Dr Lim Wee Kiak has said the smartest thing. 'Instead of waiting a few years and doing a big adjustment, why not do a small adjustment every year.' Yeah man, just like bus fare increases. A little at a time, looks more affordable. $1 million increase spread out over 5 years, $200,000 a year. I hope the MPs will also ask where in the world can one earns a life time pension after serving 8 to 10 years in a job? And also it is acceptable and reasonable for people who is to benefit from the pay rise be allowed to put up the supporting reasons and decide on it as well? Don't we need an independent third party that has no interest in the formula to make the proposal and decision? But then again, where to find an independent party that has no vested interest? And with such compelling reasons put forward, how to disagree? I will abstain from commenting on the compelling reasons and let the MPs comment about them in Parliament.