The Singapore Public Service has announced a 0.7-month annual variable bonus for all civil servants for the year ending Dec 2012, with lower-wage civil servants (those earning less than $1430 per month) guaranteed at least $1,000 in bonus, in line with the government’s efforts to help lower-wage workers.
This brings the total bonus for Singapore’s 77,000 civil servants for the year to 2.0 months, comprising a 0.3-month mid-year bonus paid in July 2012, a 13th month bonus, and the 0.7-month annual variable bonus. This is slightly less than the 2.25 months’ of bonus recieved in 2011. The PSD attributes this reduction in bonus to the “more subdued global economic outlook” and how economic growth is expected to “remain subdued” for the rest of the year.