Civil Service Bonus mid-2010
May 27th, 2010
Civil servants are set to receive a bonus of half a month and a cash quantum of $300 in July.
This is considered good news, compared to just 6 months ago when public servants received a pittance as year end bonus. The Public Service Division explained that the Singapore economy, which grew by 15.5% in Q1, has been “stronger than expected“.
The 0.5 month bonus will be given as the mid-year Annual Variable Component (AVC), while the $300 quantum is a one-off payment to all officers.
National Trades Union Congress (NTUC) welcomed the news and its deputy secretary-general Mdm Halimah Yacob said that civil servants “suffered a reduction” in their total annual take-home pay last year. All public servants did not get a mid-year bonus last year.
How much bonus are you getting this mid-year?
quack Says:
July 16th, 2010 at 7:43 am
Does anyone of you know, to secure this mid-year bonus, when is the earliest that I can tender my resignation?
Thanks!
After Says:
July 16th, 2010 at 9:55 am
after the bonus is credited to your account.