Wednesday, May 28, 2008

Mid-Year Bonus

SINGAPORE: Civil servants will get a mid-year bonus of 0.5 month, plus between S$100 and S$300 in July.

The announcement came against a backdrop of Singapore's continued economic growth, which the government has projected at between 4 percent and 6 percent this year.

The economy grew by 6.7 percent in the first quarter of 2008, compared to 5.4 percent in the last quarter of 2007.

Besides the 0.5-month mid-year bonus, officers in the lower divisions - Division III and IV - will receive S$250 and S$300 respectively, while Division I and II officers will receive S$100.

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