Tuesday, September 18, 2018

The prime minister's salary is transparent

We cannot complain that the prime minister's salary is not transparent. It is clearly stated in this article

https://www.straitstimes.com/singapore/government-debunks-online-falsehoods-about-ministerial-salaries-including-reports-on-pms

The salary is $2.2 million a year. It is the all-in salary including the 13th month AWS and the national bonus. The prime minister does not receive any performance bonus (which is given to other political office bearers).

If we take the national bonus for the PM as 6 months of salary, we will get the basic salary to be $2.2 million / 17 = $130,000 (say).

The basic salary includes the annual variable component (AVC). You may wonder what this means. Don't bother, just treat it as the basic salary. It is part of the convoluted nature of our life.

We cannot complain that the salary is not transparent. It is $2.2 million all-in.

We can still complain that:

a) The salary of $2.2 million is exorbitant, compared to other world leaders.
b) The salary structure is complicated - basic salary, AVC, national bonus, AWS, etc.

But we cannot complain that it is not transparent, OK?




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