Dear Scroo,
The scale has just went from, obscenely well paid, to very well paid. Perhaps in time to well paid, then to just paid. The TOR limited the extent of change, but fiddling with definitions allowed a cut and they have started removing some sacred cows.
a. Hiriechial link, Presidents pay has to be above that of PMs, a political pecking order defined by pay. Now a good PS can earn more than an MOS.
b. Defining urself to the super rich and the best well paid in the profession automatically recession proofs ur salary maximizing the upside limiting the down side. The best top ten well paid surgeon in Singapore, and the gulf to the next 100th is very wide. the expanded list to top 1000 irrespective of professions and limiting it to Singaporeans means in effect a benchmark against the best versus the very best and is in effect an admission of failure in a benchmark against the super elites.
c. it's simple, PAY and Performance or perception of performance are linked. Pay would be less of an issue if performance was not so lacking. The cries of we are paying MBT YACOOB and WKS for............They will continue but for them hopefully with the cut some of the edge would be taken of.
d. Rhetorical sacrifice for public service, theoretical sacrifice for public service, and pratical sacrifice for public service. How much that sacrifice will be can only happen when the opposition draws together a team filled with more CSMs talented Singaporeans who can tell NEH and GRACE FU I have earned my millions or tens of millions but I serve my country for less.
Locke
When I saw your post, I had to read it again. I then thought my endearing love of the PAP might have skewed my initial assessment. So I thought I will wait to get some views from the usual circle of pundits. Unfortunately their views are that the review was not a review but an exercise in dressing it up in more palatable colours but with little or no foundation for the new colours chosen.
I have no doubt that anything of this nature needs deft handling but they seem to have actually taken the trouble of removing any purchase for the previously raised criticisms.
Singapore political leaders continue to be one of the best paid, well above the size of the GDP and far far removed from the median income of the middle class. And our middle class is not a tiny segment. Magnitute of the deception best indicated by the fact that the deep, generous and charitable discount of 40% already factored in.
1) NSP Hazel Poa points to the fact that 48 to 1,000 is not meaningful and is 0.03% of the top. So the elite continue to be the benchmark.
2) SDP highlights that the base has risen in recent times so considerably that it is not meaningful but certainly misleading. I thought the committee was clearly disingenuous is not making this clear.
3) Siew Kum Hong points out that TOR has literally handcuffed the committee where it was directed to ensure that market rates of the private are to considered. Interestingly no TOR mentions comparing with similar political positions across the world and even for the biggest countries in terms or GDP. It like asking worst looking girl in Ms World Singapore pagent to take part in another beauty pagents where the rest of the contestants are from the Canine world and asking who will win the contest. If you read the report, no comparison was made to with any other political office in any country. I am sure you would agree that apples were not compared with apples. I can now understand why Mercer did not want to disclose its fees. I am actually surprised they agreed to release their name.
4) Gerard Ee needs to go to Church and renew his faith. At the start of the review, he clearly said that the same model would not be used. I thought he was bold and brave. If we are dealing with patents and intellectual property protection, I can assure that a lawsuit would be in works as the model is identical with the 1 variable in terms of size have been changed minutely and a discount has been applied to the end result.
http://www.youtube.com/watch?v=APOcgBgzQIM
5) The pension was not outlined in the TOR but it seems to have a life of its own. One of the pundits has said that this was the result of the extensively circulated email post GE2010 on George Yeo's pension which Teo Chee Hean stuggled immensely to explain and the written explanation published in the press by a Govt official was less than satisfactory. They took the review opportunity to clean up what was an embarrassing and politically damaging pension scheme for political appointment holders.
By the way, 2 of the committee members are Board Members of Tiger Airways when it was suspended by the Australian Govt in an unprecendeted move. Their position and standing has already being damaged and no longer can stand as independent and sadly these were only 2 committee members that were not as aligned to the Govt as others are.[/QUOTE]