Latest news with #midyearbonus
Yahoo
3 hours ago
- Business
- Yahoo
YAHOO POLL: Are you happy with the civil servants mid-year bonus?
The Singapore civil servant mid-year bonus 2025 will be 0.4 months, with junior-grade officers receiving an additional one-time payment of up to $400, said the Public Service Division (PSD). According to a statement on 16 June by the PSD, the mid-year bonus takes into account Singapore's economic performance in the first quarter of 2025, and the 'subdued economic outlook' for this year. "Given the forecast of weaker gross domestic product (GDP) growth and the downside economic risks, the public sector unions and the Government will jointly monitor the economic performance for the rest of the year, and will calibrate the year-end payments accordingly," they wrote. On top of the bonus, civil servants in grades equivalent to MX13(I) and MX14 will receive a one-time payment of $250. For those in grades equivalent to MX15 and MX16, as well as those in the Operations Support Scheme, they will receive a higher one-time payment of $400. Other polls YAHOO POLL: Did you manage to rebook your affected Jetstar Asia flight? YAHOO POLL: Do you think getting Botox is safe? YAHOO POLL: Would you date someone shorter than you? Both PSD and the National Trades Union Congress (NTUC) said separately that the payments were decided in consultation with the civil service unions. Singapore's economy grew by 3.9 per cent on a year-on-year basis in the first quarter of 2025, said the PSD. Meanwhile, the Ministry of Trade and Industry maintained the GDP growth forecast of 0 per cent to 2 per cent for 2025. PSD said, "Given the forecast of weaker gross domestic product (GDP) growth and the downside economic risks, the public sector unions and the Government will jointly monitor the economic performance for the rest of the year, and will calibrate the year-end payments accordingly." So, we want to hear from you – are you happy with the civil servants mid-year bonus? Related: Civil servants to get 0.4-month mid-year bonus Singapore's civil servants set for 1.05-month year-end bonus amid strong economic growth Singapore's civil service is world's best according to Oxford Uni study
Yahoo
10 hours ago
- Business
- Yahoo
Singapore civil servants mid-year bonus will be 0.4 months; Acting Transport Minister Jeffrey Siow talk COE system and other transport challenges: Singapore live news
The Singapore civil servant mid-year bonus 2025 will be 0.4 months, with junior-grade officers receiving an additional one-time payment of up to $400, said the Public Service Division (PSD). According to a statement on 16 June by the PSD, the mid-year bonus takes into account Singapore's economic performance in the first quarter of 2025, and the 'subdued economic outlook' for this year. Read more in our live blog below, including the latest local and international news and updates. The Singapore civil servant mid-year bonus 2025 will be 0.4 months, with junior-grade officers receiving an additional one-time payment of up to $400, said the Public Service Division (PSD). According to a statement on 16 June by the PSD, the mid-year bonus takes into account Singapore's economic performance in the first quarter of 2025, and the 'subdued economic outlook' for this year. "Given the forecast of weaker gross domestic product (GDP) growth and the downside economic risks, the public sector unions and the Government will jointly monitor the economic performance for the rest of the year, and will calibrate the year-end payments accordingly," they wrote. Singapore's economy grew by 3.9 per cent on a year-on-year basis in the first quarter of 2025, said the PSD. Meanwhile, the Ministry of Trade and Industry maintained the GDP growth forecast of 0 per cent to 2 per cent for 2025. For more on the civil servant bonus 2025, read here. The Singapore civil servant mid-year bonus 2025 will be 0.4 months, with junior-grade officers receiving an additional one-time payment of up to $400, said the Public Service Division (PSD). According to a statement on 16 June by the PSD, the mid-year bonus takes into account Singapore's economic performance in the first quarter of 2025, and the 'subdued economic outlook' for this year. "Given the forecast of weaker gross domestic product (GDP) growth and the downside economic risks, the public sector unions and the Government will jointly monitor the economic performance for the rest of the year, and will calibrate the year-end payments accordingly," they wrote. Singapore's economy grew by 3.9 per cent on a year-on-year basis in the first quarter of 2025, said the PSD. Meanwhile, the Ministry of Trade and Industry maintained the GDP growth forecast of 0 per cent to 2 per cent for 2025. For more on the civil servant bonus 2025, read here.
CNA
a day ago
- Business
- CNA
Civil servants to receive 0.4-month mid-year bonus; one-time payment for junior grade officers
SINGAPORE: Civil servants in Singapore will receive a 0.4-month mid-year bonus, with junior-grade officers getting an additional one-time payment of up to S$400 (US$312), the Public Service Division (PSD) said on Monday (Jun 16). Civil servants in grades equivalent to MX13(I) and MX14 will receive an additional one-time payment of S$250, while those in grades equivalent to MX15 and MX16, and those in the Operations Support Scheme will receive a higher one-time payment of S$400. PSD said the mid-year payment takes into consideration Singapore's economic performance in the first quarter of 2025, and the subdued economic outlook for this year. "Given the forecast of weaker gross domestic product growth and the downside economic risks, the public sector unions and the government will jointly monitor the economic performance for the rest of the year, and will calibrate the year-end payments accordingly," it said. "The government and the unions will continue to jointly monitor the economic situation closely, and take into consideration the National Wages Council guidelines which will be released later in the year in deciding the year-end AVC payments," said PSD.
