02-09-2023, 01:21 AM
The Salary of Singapore’s President
The benchmark salary of the president of Singapore is $1,540,000 per year (including bonuses). This is 70% of the prime minister’s salary package.
The president’s monthly salary is the same as the prime minister. The president also receives the 13th-month bonus and annual variable component, but not the performance bonus nor the national bonus.
The president of Singapore is the head of state and serves for a term of 6 years.
The president doesn’t set national policies and doesn’t have direct executive responsibility for governing the country (except for his/her custodial role). One key role that the president has is to safeguard the national reserves of Singapore (close to $1 trillion based on published information).
WHEREAS
The Salary of Singapore’s Prime Minister
The benchmark salary of the prime minister of Singapore is $2,200,000 per year (including bonuses). This is twice that of an entry-level minister.
Unlike other ministers, there is no one to evaluate the prime minister’s individual performance, so the salary package only includes the monthly salary, 13th-month bonus, annual variable component, and national bonus.
The national bonus is based on 4 socio-economic indicators weighted equally:
Real median income growth rate of the average Singaporean
Real income growth rate of the lowest 20th percentile of Singaporean income earners
Unemployment rate of Singaporeans
Real gross domestic product (GDP) growth rate
In Singapore, the prime minister is the head of government and serves for a term of 5 years.
https://smartwealth.sg/salaries-singapor...sters-mps/
Why Tharman reject PM role is due to " a lot things to do " but come President literally is just a " watchman " yet salary wise not bad as with PM .
The benchmark salary of the president of Singapore is $1,540,000 per year (including bonuses). This is 70% of the prime minister’s salary package.
The president’s monthly salary is the same as the prime minister. The president also receives the 13th-month bonus and annual variable component, but not the performance bonus nor the national bonus.
The president of Singapore is the head of state and serves for a term of 6 years.
The president doesn’t set national policies and doesn’t have direct executive responsibility for governing the country (except for his/her custodial role). One key role that the president has is to safeguard the national reserves of Singapore (close to $1 trillion based on published information).
WHEREAS
The Salary of Singapore’s Prime Minister
The benchmark salary of the prime minister of Singapore is $2,200,000 per year (including bonuses). This is twice that of an entry-level minister.
Unlike other ministers, there is no one to evaluate the prime minister’s individual performance, so the salary package only includes the monthly salary, 13th-month bonus, annual variable component, and national bonus.
The national bonus is based on 4 socio-economic indicators weighted equally:
Real median income growth rate of the average Singaporean
Real income growth rate of the lowest 20th percentile of Singaporean income earners
Unemployment rate of Singaporeans
Real gross domestic product (GDP) growth rate
In Singapore, the prime minister is the head of government and serves for a term of 5 years.
https://smartwealth.sg/salaries-singapor...sters-mps/
Why Tharman reject PM role is due to " a lot things to do " but come President literally is just a " watchman " yet salary wise not bad as with PM .