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Sunday, February 24, 2008
Monday, February 11, 2008
It pays to be in government
It pays to be in government
Prime Minister Lee Hsien Loong's salary has jumped to S$3.1m, five times more than that of President George Bush, leader of the world’s most powerful economy.
The annual salary structure for the Cabinet Minsters are as follows (in Singapore dollars):
President – $3,187,100
Prime Minister – $3,091,200
Senior Minister – $3,043,300
Minister Mentor – $3,043,300
Deputy Prime Minister – $2,452,500
Minister and Senior Perm Sec – $1,593,500 (MR4 Grade)
Entry Superscale Grade – $384,000 (SR9 Grade)
Member of Parliament – $216,300
In Washington, a senior White House official has told a correspondent that he “was floored” when told that Singapore’s PM takes home a salary five times that of Bush.“I’m going to emigrate and run for office in Singapore,” quipped the senior administration official, who sat in disbelief after reading that story.
Mentor Minister LKY had initiated the mega-wage policy in 1994 for two reasons.
First, it would prevent the sort of corruption that exists in many countries, and second, it would allow the government to recruit the most capable leaders and retain them from being poached by the global private sector.
Benchmark their earnings to leaders in the richest countries, it is real hard for me and many Singaporeans to swallow or to accept any reasons to see them being paid so many times more. To me, Public office is about service, not profits. This is the Government majority has voted for. Seen somewhere, someone has remarked that " “Now, when I look at a minister or an MP, I see a $-sign.” This is a truly unforgettable remark.
No wonder, seen on a TV game show, when the host ask one of the kids what is her ambition, her responds is "I want to be a Member of the Parliament"
- this was written as inspired by mentos
Prime Minister Lee Hsien Loong's salary has jumped to S$3.1m, five times more than that of President George Bush, leader of the world’s most powerful economy.
The annual salary structure for the Cabinet Minsters are as follows (in Singapore dollars):
President – $3,187,100
Prime Minister – $3,091,200
Senior Minister – $3,043,300
Minister Mentor – $3,043,300
Deputy Prime Minister – $2,452,500
Minister and Senior Perm Sec – $1,593,500 (MR4 Grade)
Entry Superscale Grade – $384,000 (SR9 Grade)
Member of Parliament – $216,300
In Washington, a senior White House official has told a correspondent that he “was floored” when told that Singapore’s PM takes home a salary five times that of Bush.“I’m going to emigrate and run for office in Singapore,” quipped the senior administration official, who sat in disbelief after reading that story.
Mentor Minister LKY had initiated the mega-wage policy in 1994 for two reasons.
First, it would prevent the sort of corruption that exists in many countries, and second, it would allow the government to recruit the most capable leaders and retain them from being poached by the global private sector.
Benchmark their earnings to leaders in the richest countries, it is real hard for me and many Singaporeans to swallow or to accept any reasons to see them being paid so many times more. To me, Public office is about service, not profits. This is the Government majority has voted for. Seen somewhere, someone has remarked that " “Now, when I look at a minister or an MP, I see a $-sign.” This is a truly unforgettable remark.
No wonder, seen on a TV game show, when the host ask one of the kids what is her ambition, her responds is "I want to be a Member of the Parliament"
- this was written as inspired by mentos
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