<TABLE id=msgUN border=0 cellSpacing=3 cellPadding=0 width="100%"><TBODY><TR><TD id=msgUNsubj vAlign=top> Coffeeshop Chit Chat - MPs get $225,000 per yr in 2008</TD><TD id=msgunetc noWrap align=right></TD></TR></TBODY></TABLE><TABLE class=msgtable cellSpacing=0 cellPadding=0 width="96%"><TBODY><TR><TD class=msg vAlign=top><TABLE border=0 cellSpacing=0 cellPadding=0 width="100%"><TBODY><TR class=msghead><TD class=msgbfr1 width="1%"></TD><TD><TABLE border=0 cellSpacing=0 cellPadding=0><TBODY><TR class=msghead vAlign=top><TD class=msgF width="1%" noWrap align=right>From: </TD><TD class=msgFname width="68%" noWrap>Raffles1823 <NOBR></NOBR></TD><TD class=msgDate width="30%" noWrap align=right>May-12 9:42 pm </TD></TR><TR class=msghead><TD class=msgT height=20 width="1%" noWrap align=right>To: </TD><TD class=msgTname width="68%" noWrap>ALL <NOBR></NOBR></TD><TD class=msgNum noWrap align=right>(1 of 5) </TD></TR></TBODY></TABLE></TD></TR><TR><TD class=msgleft rowSpan=4 width="1%"></TD><TD class=wintiny noWrap align=right>50871.1 </TD></TR><TR><TD height=8></TD></TR><TR><TD id=msgtxt_1 class=msgtxt>Remuneration and pensions of MPs
MPs receive a monthly allowance,<SUP id=cite_ref-84 class=reference>85</SUP> a non-pensionable annual allowance (commonly known as the 13th month pay), and an annual variable component that is paid in July and December each year.<SUP id=cite_ref-85 class=reference>86</SUP> The monthly allowance is 56% of the salary of an Administrative Service officer at the SR9 grade – the entry grade for Singapore's top civil servants – which is itself benchmarked at the salary of the 15th person aged 32 years from six professions: banking, law, engineering, accountancy, multinational companies and local manufacturers. In 1995, the monthly allowance was S$8,375 ($100,500 per year).<SUP id=cite_ref-Teo_86-0 class=reference>87</SUP> The allowance was revised in 2000 to $11,900 ($142,800 per year).<SUP id=cite_ref-87 class=reference>88</SUP> In 2007 it was announced that civil service salaries had lagged behind those in the private sector and required revision. MPs' salaries were therefore increased in phases. In 2007 the monthly allowance was revised to $13,200, raising the annual sum to $158,400. A gross domestic product (GDP) bonus payable to civil servants was also extended to MPs to link their annual remuneration to the state of the economy. They would receive no bonus if GDP growth was 2% or less, one month's bonus if the GDP grew at 5%, and up to two months' bonus if the GDP growth reached or exceeded 8%. MPs' allowances to engage legislative and secretarial assistants were also increased from $1,000 to $1,300 and from $350 to $500 respectively.<SUP id=cite_ref-Teo_86-1 class=reference>87</SUP> With effect from January 2008, each MP received another increase of his or her allowance package to $13,710 a month, bringing it to $225,000 per year.<SUP id=cite_ref-88 class=reference>89</SUP>
Persons who have reached the age of 50 years and retired as MPs and who have served in this capacity for not less than nine years may be granted a pension for the rest of their lives. The annual amount payable is <SUP>1</SUP>â„<SUB>30</SUB> of the person's highest annual salary for every completed year of service and <SUP>1</SUP>â„<SUB>360</SUB> for every uncompleted year, up to a ceiling of two-thirds of the Member's annual salary.<SUP id=cite_ref-89 class=reference>90</SUP> No person has an absolute right to compensation for past services or to any pension or gratuity, and the President may reduce or withhold pensions and gratuities upon an MP's conviction for corruption.<SUP id=cite_ref-90 class=reference>91</SUP>
<SUP>http://www.srilankanewsweb.com/wiki-Parliament_of_Singapore</SUP>
The figures provided is for 2008..... now you must +++
So the minimium is $240,000? or more? How many Kate Spade bags can you buy with $20,000 per month? End of year got bonus some more....
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MPs receive a monthly allowance,<SUP id=cite_ref-84 class=reference>85</SUP> a non-pensionable annual allowance (commonly known as the 13th month pay), and an annual variable component that is paid in July and December each year.<SUP id=cite_ref-85 class=reference>86</SUP> The monthly allowance is 56% of the salary of an Administrative Service officer at the SR9 grade – the entry grade for Singapore's top civil servants – which is itself benchmarked at the salary of the 15th person aged 32 years from six professions: banking, law, engineering, accountancy, multinational companies and local manufacturers. In 1995, the monthly allowance was S$8,375 ($100,500 per year).<SUP id=cite_ref-Teo_86-0 class=reference>87</SUP> The allowance was revised in 2000 to $11,900 ($142,800 per year).<SUP id=cite_ref-87 class=reference>88</SUP> In 2007 it was announced that civil service salaries had lagged behind those in the private sector and required revision. MPs' salaries were therefore increased in phases. In 2007 the monthly allowance was revised to $13,200, raising the annual sum to $158,400. A gross domestic product (GDP) bonus payable to civil servants was also extended to MPs to link their annual remuneration to the state of the economy. They would receive no bonus if GDP growth was 2% or less, one month's bonus if the GDP grew at 5%, and up to two months' bonus if the GDP growth reached or exceeded 8%. MPs' allowances to engage legislative and secretarial assistants were also increased from $1,000 to $1,300 and from $350 to $500 respectively.<SUP id=cite_ref-Teo_86-1 class=reference>87</SUP> With effect from January 2008, each MP received another increase of his or her allowance package to $13,710 a month, bringing it to $225,000 per year.<SUP id=cite_ref-88 class=reference>89</SUP>
Persons who have reached the age of 50 years and retired as MPs and who have served in this capacity for not less than nine years may be granted a pension for the rest of their lives. The annual amount payable is <SUP>1</SUP>â„<SUB>30</SUB> of the person's highest annual salary for every completed year of service and <SUP>1</SUP>â„<SUB>360</SUB> for every uncompleted year, up to a ceiling of two-thirds of the Member's annual salary.<SUP id=cite_ref-89 class=reference>90</SUP> No person has an absolute right to compensation for past services or to any pension or gratuity, and the President may reduce or withhold pensions and gratuities upon an MP's conviction for corruption.<SUP id=cite_ref-90 class=reference>91</SUP>
<SUP>http://www.srilankanewsweb.com/wiki-Parliament_of_Singapore</SUP>
The figures provided is for 2008..... now you must +++
So the minimium is $240,000? or more? How many Kate Spade bags can you buy with $20,000 per month? End of year got bonus some more....
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