Singapore Raises Prime Minister Pay Benchmark to $2.85 Million
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Singapore raises prime minister pay benchmark to $2.85 million
Singapore is resetting the price it places on senior public leadership, lifting the benchmark salary for Prime Minister Lawrence Wong to S$3.6 million, or about $2.85 million, from October 15. The first revision of the city-state's political pay system in 15 years puts its unusual link between government compensation and elite private-sector earnings back under scrutiny. The headline increase is 64%, but it will not arrive as an immediate 64% ra…
PM Wong’s 64% pay rise makes global headlines, but Singaporeans defend ‘clean wage’ system
International media have focused on Prime Minister Lawrence Wong’s 64% salary increase and his position as the world’s highest-paid elected political leader, but some Singaporeans argue the compari... This article (PM Wong’s 64% pay rise makes global headlines, but Singaporeans defend ‘clean wage’ system) first appeared on The Independent Singapore News.
Singapore PM’s pay rise sparks debate
His annual pay will rise by 1.4 million Singapore dollars (about $1.1 million), taking his total package to S$3.6 million ($2.8 million). This is more than 60 per cent higher than his current salary of S$2.2 million, already the highest among world leaders. Wong has reportedly said he will donate the extra pay to charity [...]
Singapore Prime Minister Lawrence Wong's annual salary package has sparked controversy after being increased by 64 percent, from 2.2 million S$ to 3.6 million S$.
For those who are waiting for an appraisal or salary increase in their company, this news will prove to be like a knife in the chest. The reason is that in the corporate sector, employees barely get a 10/12 percent increase after waiting patiently, so it is not surprising if they are shocked to see the salary of the Prime Minister of Singapore. The salary of the PM of Singapore has recently been increased by 64 percent and with this his salary h…
This issue is once again in discussion after the salary of Singapore Prime Minister Lawrence Wong was increased by 64%.
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