Average total annual remuneration for the year of 2008

Ben: This article will be useful to you when doing your Airport Admin project :)
PS:When you need to estimate the wage of our Airport key players



MP's question
*907. Mr Siew Kum Hong: To ask the Prime Minister (a) what was
the average total annual remuneration for the year of 2008 (inclusive
of all bonuses) for political appointment holders and civil servants
whose remuneration is pegged to (i) MR4 benchmark and (ii) SR9
benchmark; and (b) what was the average amount of performance
bonus paid to each of these groups, in terms of the number of months
of salary and also in terms of the absolute monetary figure.


Answer
1. The norm total annual remuneration for the year 2008 for
political appointment holders and civil servants whose remuneration
is pegged to the MR4 benchmark was $1.92 million. This figure
includes the individual performance bonus and all other bonuses for a
typical officer. The norm total remuneration for those pegged to the
SR9 benchmark was $398,000.

2. At these senior levels, a significant proportion of the total annual
salary depends on the individual’s performance and the performance
of the economy. For an officer in the MR4 grade, the individual
performance bonus quantum can range from 0 to 14 months. A
performance bonus of 9 months was used to compute the 2008 norm
salary package (of $1.92 million) for a typical officer on MR4.
However, the actual amount awarded would vary with the officer’s
performance. In 2008, the actual performance bonus paid out for this
grade ranged from 6 to 10 months, with an average payout of 8.33
months or $455,000.

3. For SR9, the individual performance bonus quantum can range
from 0 to 8.5 months, with 4.5 months used for computing the 2008
norm salary for a typical officer. In 2008, the actual performance
bonus ranged from 0 to 6.5 months, with an average payout of 4.82
months or $86,000.

4. The above figures are 2008 salaries. This year, we will see a
drop in total annual salaries. In November 2008, the Government
announced that salaries for political, judicial and statutory
appointment holders and Administrative Officers will see a drop of up
to 19% in 2009. Total annual salaries at the MR4 grade will fall by
18% to $1.57 million and salaries at the SR9 level will fall by 12% to
$353,000.

5. With MTI’s latest GDP growth estimate at 1.5% for last year,
salaries for 2009 will see a further drop. The MR4 salary for 2009 will
now be $1.54 million, a drop of 20% compared to 2008. Salaries at
SR9 will now be $351,000, a drop of 12% compared to 2008. The
2009 salaries are projected salaries for the year. As the salaries are
linked to economic performance, the 2009 salaries may be subject to
further adjustments, given the volatility of the economy



http://www.straitstimes.com/STI/STIMEDIA/pdf/20090119/Reply.pdf