980 civil servants to receive at least $1,200 each in bonuses

Together with the non-pensionable annual allowance.

Singapore’s economy is starting to recover in a lot of aspects, as growth is expected to be supported primarily by externally-oriented sectors such as manufacturing, wholesale trade and finance & insurance services, while domestically-oriented sectors such as business services are expected to remain resilient.

According to a media release by MTI, the job market remained tight in the third quarter of 2014, as unemployment stayed low and steady, with employment growth matching the previous quarter.

Singapore’s Public Service Division says that against this backdrop, civil servants will be paid a year-end Annual Variable Component (AVC) of 0.8 month, with lower-wage officers getting an AVC of at least $1,200. This signals the Government’s continued commitment to help lower-wage workers.

Some 980 civil servants will benefit from the minimum AVC payment of $1,200. For example, an officer earning a monthly salary of $1,200 will get a year-end AVC of $1,200. This is $240 more than what he would get at 0.8 month of his monthly salary (which would have been $960).

The year-end AVC payment was decided in consultation with the public sector unions.
All civil servants will also get the Non-Pensionable Annual Allowance (NPAA) of 1 month, to be paid in December together with the AVC.