Singapore's Public Service Division (PSD) says it has decided to pay all the City State’s Public Servants a mid-year annual variable component (AVC) of 0.35 of monthly salaries.
In a statement, the PSD said the decision had been made after close consultation with public sector unions, and was a progressive approach considering the uncertainties in the local and global markets.
In addition, Public Servants in middle grades will receive a one-off payment of $S200 ($A208.46), while those lower down the pay scale will get $S400 ($A416.72).
The mid-year payment takes into consideration that Singapore’s gross domestic product growth in 2022 is likely to come in at the lower half of the forecast range of three-to-five per cent.
Deputy Secretary-General of the National Trades Union Congress, Cham Hui Fong said Singapore’s economy was recovering, with the resumption of activities post-pandemic.
“The 0.35 AVC pay-out is a timely recognition of our Civil Servants' dedication in serving the people during the pandemic period," Ms Cham (pictured) said.
“The union especially supports the PSD’s announcement of the lump sum payments for the junior officers.”
General Secretary of the Amalgamated Union of Public Employees, Sanjeev Kumar Tiwari said that given the current economic uncertainties, geopolitical tensions and inflationary pressures, the union appreciated the mid-year AVC.
“We hope things will turn around so that there will be better outcomes at the end of the year," Mr Sanjeev said.
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