So one of the biggest news yesterday was the announcement of the annual bonus for civil servants.
If you have not read it, basically, according to the Public Service Division, most civil servants will get a year-end bonus of 0.1 month this year, with a one-off lump sum payment of S$250 to S$1,500.
Of course, there were a lot of unhappiness aired by Singaporeans, especially those in the civil sector. Mrs Budget is also part of the civil service.
Is 0.1 month bonus very low? Well yes, if you look at the historical annual bonuses for civil servants over the past few years.
Dr Wealth did a very handy bar graph to help visualise this:
Here’s what the graph show:
2019 bonus of 0.55 months has been the second lowest payout in the last 14 years.The lowest payout was in 2009, in the aftermath of the financial crisis, at