Singapore’s civil servants set for 1.05-month year-end bonus amid strong economic growth

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Singapore’s civil servants set for 1.05-month year-end bonus amid strong economic growth
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SINGAPORE, Nov 26 — Singapore’s civil servants will receive a 1.05-month year-end bonus, the country’s Public Service Division (PSD) confirmed yesterday, as the country sees...

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Kelantan police: No excuse for students to use illegal Sg Golok border crossing for school, gates set to open as early as 6amIn addition to the 1.05-month bonus, civil servants will receive the standard non-pensionable annual allowance of one month, also known as the 13th-month bonus. — Reuters picSINGAPORE, Nov 26 — Singapore’s civil servants will receive a 1.05-month year-end bonus, the country’s Public Service Division confirmed yesterday, as the country sees robust economic growth.

The Ministry of Trade and Industry’s revised economic forecast for 2024 reflects an optimistic outlook, further bolstered by low unemployment and retrenchment rates. The total annual variable component for civil servants in 2024, including the mid-year bonus of 0.45 months, will amount to 1.5 months. Junior-grade officers can expect total lump-sum payments of up to S$850 for the year.

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