Half-month bonus for civil servants
June 2nd, 2007
The Public Service Division just made a press release announcing a half-month bonus for civil servants.
Civil service employees will receive a mid-year Annual Variable Component (AVC) of half a month, and an additional payment of $220 in July 2007.
The AVC, as its name implies, is a variable salary component. It varies according to the economic conditions of Singapore, and is paid out twice every year, once in July and once in December.
The press release said:
“The economy grew by 6.1% in the first quarter of 2007, compared to 6.6% in the last quarter of 2006.”
The $220 payment is designed to help low wage workers, as it forms a bigger proportion of their pay (as opposed to it being a smaller proportion for workers with higher pay). This payment “is in line with the call by the National Wages Council for employers to help low
wage workers.”
I note that the current mid-year AVC is exactly the same as last year’s. In fact, the press releases from both years are identical except for dates and GDP-related values:
Civil Service Bonus 2007 | Salary.sg - Your Salary in Singapore Says:
November 27th, 2007 at 8:19 pm
[...] to the already-paid-out Annual Variable Component (AVC) of half a month + $220 in July (see this), civil servants are set to 2 more months of bonus at year [...]
Philadelphia Says:
May 21st, 2008 at 5:41 pm
Eat a third and drink a third and leave the remaining third of your stomach empty. Then, when you get angry, there will be sufficient room for your rage.
Civil Service Bonus mid-2008 | Salary.sg - Your Salary in Singapore Says:
May 28th, 2008 at 11:52 pm
[...] for the lower ranked civil service officers, compared to the higher ranks and also compared to last year’s bonus, are for them to “better cope with the impact of inflation this [...]