SINGAPORE: Civil servants in Singapore will receive a 1.05 months year-end bonus, with junior-grade officers getting an additional lump sum payment, the Public Service Division (PSD) announced on Monday (Nov 25).
Civil servants in grades equivalent to MX15 and MX16, and those in the Operations Support Scheme (OSS), will receive an additional one-time payment of S$600.
Taken together with the mid-year payments, civil servants will receive a total of 1.5 months in full-year annual variable component (AVC), with those in the more junior grades receiving total lump-sum payments of up to S$850 in 2024, said PSD.
The government will continue to pay the Non-Pensionable Annual Allowance (NPAA) of 1 month to all civil servants.
This year-end payment takes into consideration that Singapore’s Gross Domestic Product (GDP) is expected to grow by around 3.5 per cent in 2024 as well as the National Wages Council (NWC) guidelines for 2024/2025, PSD added.
It also follows close consultation with the public sector unions.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。