SINGAPORE: Civil servants in Singapore will receive a 0.35-month mid-year bonus and junior grade officers will get an additional one-time payment of S$200 or S$400, the Public Service Division (PSD) said on Monday (Jun 20).
Civil servants in grades equivalent to MX13(I) and MX14 will receive an additional one-time payment of S$200. Those in grades equivalent to MX15 and MX16, and those in the Operations Support Scheme (OSS) Grades III to V, will receive a higher one-time payment of S$400.
This mid-year payment takes into consideration that Singapore’s gross domestic product (GDP) growth in 2022 is likely to come in at the lower half of the forecast range of 3 per cent to 5 per cent amid "economic uncertainties", said PSD.
After the economic recovery in 2021, Singapore’s economy expanded by 3.7 per cent on a year-on-year basis in the first quarter of 2022.
"On the labour front, total employment continued to expand, with unemployment rates declining to pre-pandemic levels in February 2022," said PSD.
"Domestically, the COVID-19 situation has stabilised and border restrictions have lifted since end-March."
But "significant downside risks remain ahead for Singapore", said PSD in a press release.
The external demand outlook this year has deteriorated, due in part to Russia's invasion of Ukraine, which has "exacerbated global supply disruptions and adversely affected the growth of many economies", it added.
"The pandemic has underscored the importance of a strong Public Service and the Government deeply appreciates the hard work and perseverance of all public officers who have contributed to the COVID-19 fight and Singapore’s economic recovery," said PSD.
"In deciding the year-end Annual Variable Component payments, the Government will continue to monitor the economic situation closely, and take into consideration the National Wages Council’s guidelines, which will be released later in the year."
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Civil servants in grades equivalent to MX13(I) and MX14 will receive an additional one-time payment of S$200. Those in grades equivalent to MX15 and MX16, and those in the Operations Support Scheme (OSS) Grades III to V, will receive a higher one-time payment of S$400.
This mid-year payment takes into consideration that Singapore’s gross domestic product (GDP) growth in 2022 is likely to come in at the lower half of the forecast range of 3 per cent to 5 per cent amid "economic uncertainties", said PSD.
After the economic recovery in 2021, Singapore’s economy expanded by 3.7 per cent on a year-on-year basis in the first quarter of 2022.
"On the labour front, total employment continued to expand, with unemployment rates declining to pre-pandemic levels in February 2022," said PSD.
"Domestically, the COVID-19 situation has stabilised and border restrictions have lifted since end-March."
But "significant downside risks remain ahead for Singapore", said PSD in a press release.
The external demand outlook this year has deteriorated, due in part to Russia's invasion of Ukraine, which has "exacerbated global supply disruptions and adversely affected the growth of many economies", it added.
"The pandemic has underscored the importance of a strong Public Service and the Government deeply appreciates the hard work and perseverance of all public officers who have contributed to the COVID-19 fight and Singapore’s economic recovery," said PSD.
"In deciding the year-end Annual Variable Component payments, the Government will continue to monitor the economic situation closely, and take into consideration the National Wages Council’s guidelines, which will be released later in the year."
Continue reading...