According to media reports, Hsien Loong made his reply to questions by Leon Perera ‘who had asked about bonus paid to Cabinet ministers in the last five years in terms of the average total of bonus months, and the highest and lowest total of bonus months paid to an individual minister.’ What was Leon Perera asking? What bonus was he talking about? The term he used is so general. Did he know that there are many kinds of bonuses being paid to the Cabinet ministers eg performance bonus, monthly salary bonus, 13th month bonus, national bonus and a variable component as reported in thenewpaper? So there are at least 5 specific bonuses paid to the Cabinet ministers.
What
was Leon Perera asking, all the bonuses paid to the Cabinet ministers or just
the performance bonus? I think he is asking for all the bonuses that were paid
to the Cabinet ministers, not just the performance bonus.
Hsien
Loong’s reply in Parliament was about performance bonus and he said that in the
last 5 years ministers got between 3 to 6 months of performance bonus with the
average being 4.1 months and a high of 4.5 months in 2015. All the main media
that reported on this issue printed in big and bold headlines that the
ministers were paid an average of 4.1 months of bonuses and were silent on how
many more months of bonuses they were paid in total.
It
is thus easy for the public or readers of this news to go away thinking that
the ministers only got 4.1 months of bonuses. Is this what Leon Perera wanted
to know or he was asking for the total bonuses paid to the ministers, including
all kinds of bonuses? If that was his question, why did he not ask Hsien Loong
that he wanted to know not just the performance bonus? Maybe he did raise this
but not reported in the main media and the issue was closed. No further
question.
Roy
Ngerng in his article posted in the TRE, including his computation of all the
bonuses gave a different figure. In 2014
Roy posted this in his blog thehearttruths.com, ‘But do you know that the prime minister is able to
earn up to 26.5 months of pay?
This is what he gets to earn: 12-month pay, 13th month
bonus, Up to 1.5 months Annual Variable Component, Up to 12
months national bonus.’
In his latest article posted in the TRE
titled ‘Comparing the obscene salaries of our DPM and PM against Singapore’s
poor’, Roy posted this:
‘Now, let me calculate the prime minister’s salary for you. He does not get a performance bonus because it is claimed that “there is no one to assess his individual performance”. (Shouldn’t his performance be assessed by you – his boss?)
So, what does he get? He gets 2 times the National Bonus (up to 12 months). Here’s the breakdown. [National Bonus (NB) formula: https://www.psd.gov.sg/docs/default-source/default-document-library/cos2018/annex-b-2017-salary-review-report.pdf]
(1) The base salary of the Singapore prime minister is S$2.2 million.
(2) His 13th-month annual allowance is S$220,000.
(3) Assuming he also gets an annual variable component of 1 month (max 1.5 months), he gets another S$220,000.
(4) The prime minister’s NB is twice as high as the other ministers, so he would have gotten 9 months of NB bonus last year. This would be S$1.65 million. His NB bonus alone is nearly 3 times the salary of the president of the United States.
(5) In total, the prime minister received a total bonus/allowance of at least 10 months.
In total, the Singapore prime minister would have earned at least S$4.29 million. This is nearly 2 times his base salary, and even higher than his base salary of S$3.07 million in 2007.
But this is not even it.
All the ministers also can get an additional Special Variable Payment. There is no stated limit to this payment.’
So, what do you think?