Photo of Lee Hsien Loong from Facebook

Right after winning the General Elections in September, the Singapore government today (Nov 25) announced a year-end bonus of 0.6 months – the lowest ever in more than 12 years.

A search on past news revealed the following year-end bonuses in the past:

2014 – 0.8 month
2013 – 1.1 month
2012 – 1.7 month
2011 – 1.75 month
2010 – 2 month
2009 – 1.25 month
2008 – 2 month
2007 – 3 month
2006 – 2.2 month
2005 – 1.75 month
2004 – 0.75 month
2003 – 1.75 month

The Singapore government has also lowered the minimum Annual Variable Component (AVC) payment to S$1,100, or S$100 lower than 2014’s minimum AVC payment. According to the government, this reduction in bonuses is supported by the unions under NTUC.

The reduction in civil servant salaries indicate that the Singapore government is holding back on government spendings after undisclosed billions have been splurged on SG50 celebrations.

In the meantime, salaries of Ministers and MPs will remain with Lee Hsien Loong drawing S$1.7 million this year, or 4 times what President Obama is getting.