Singapore civil servants to get 0.45-month mid-year bonus
SINGAPORE – All civil servants will receive a 0.45-month mid-year bonus, with junior staff getting a further payment of up to $250.
This is higher than the 0.3-month mid-year bonus given to civil servants in 2023.
In a statement on June 20, the Public Service Division (PSD) said: “This mid-year payment takes into consideration both the better economic outlook and downside risks that remain in the global economy.”
In addition to the bonus, civil servants in grades equivalent to MX13(I) and MX14 will receive an additional one-time payment of $150.
Those in grades equivalent to MX15 and MX16, and those in the Operations Support Scheme Grades III to V, will get a higher one-time payment of $250.
The one-time payment for junior officers is slightly lower than in 2022 and 2023, when they received $200 to $400. In 2021, the amount was $350 to $700.
Singapore’s economy grew by 2.7 per cent year on year in the first quarter of 2024, extending the 2.2 per cent expansion in the previous quarter, noted PSD.
On a quarter-on-quarter seasonally adjusted basis, the economy expanded by 0.1 percent, moderating from the 1.2 per cent growth in the preceding quarter.
The Ministry of Trade and Industry, added PSD, has maintained the gross domestic product growth forecast of 1 per cent to 3 per cent for 2024.
The assessment takes into consideration that the external economic environment has remained resilient in the first quarter of 2024 despite the downside risks remaining in the global economy.
Total employment, noted PSD, has continued to expand despite at a moderated pace.
Unemployment rates also remained low and within the range observed during non-recessionary periods.
In its statement, PSD added that the government will continue to monitor the economic situation closely.
“It will take into consideration the guidelines by the National Wages Council which will be released later in the year, in determining the year-end AVC (annual variable component) payments,” it read.