Public Servants in Singapore are to receive an end-of-year bonus equal to 1.1 of their month’s salary, the Public Service Division (PSD) has announced.
Junior Grade officers will get an additional one-off payment of $S700 ($A759.60).
In a statement, the PSD said the year-end payment took into consideration the economic outlook, while recognising the hard work of public officers.
“Taken together with the mid-year payments, Public Servants will receive a total of 1.45 months in full-year annual variable component (AVC), with those in more junior grades receiving an additional one-off sum of up to $S1,100 ($A1,193) in 2022,” the PSD said.
“Last year, Public Servants received a total of 1.3 months in full-year AVC, with those in more junior grades receiving an additional one-time sum of up to $S1,200 ($A1,302).”
It noted that the Singapore economy expanded by 4.1 per cent on a year-on-year basis in the third quarter of 2022, easing slightly from the 4.5 per cent growth recorded in the previous quarter.
“While Gross Domestic Product (GDP) growth was sustained for 2022, the outlook for outward-oriented sectors has weakened due to the deteriorating global economic environment, and downside risks in the global economy remain significant,” the PSD said.
“Therefore, the Ministry of Trade and Industry has updated Singapore’s GDP growth forecast to around 3.5 per cent for 2022, from three per cent to five per cent in May and three per cent to four per cent in August.”
It said total Public Service employment continued to expand, but there was a slight uptick in unemployment rates in September, and retrenchments rose over the quarter.
“The Public Service has come a long way and persevered in the fight to protect Singapore and Singaporeans against COVID-19,” the Division said.
“The Government deeply appreciates the hard work and sacrifice of all public officers who have responded to challenges with commitment and tenacity.”
Singapore, 26 November 2022
