Latest Singapore News

Civil servants to get year-end AVC bonus of 0.50 month

Civil servants to get year-end AVC of 0.50 month. Lower-wage civil servants to get minimum year-end AVC of $900.
 
The Singapore economy grew by 1.1% on a year-on-year basis in 3Q16, slower than the 2.0% growth in the previous quarter. The Singapore economy grew at a slower pace of 1.7% in the first three quarters of 2016, compared to 2.1% over the same period a year ago. Taking into account the global and domestic economic environment, the Ministry of Trade and Industry has forecasted that the economy will grow by 1.0% to 1.5% for the whole of 2016.
 
Against this backdrop, civil servants will be paid a year-end Annual Variable Component (AVC) of 0.50 month. Lower-wage civil servants will get a minimum year-end AVC of $900. This signals the Government’s continued commitment to help low-wage workers.
 
Around 1,900 civil servants will benefit from the minimum AVC payment of $900. For example, an officer earning a monthly salary of $1,500 will get a year-end AVC of $900. This is $150 more than what he would get at 0.50 month of his monthly salary (which would have been $750).
 
singapore china town mrt
Singapore's Chinatown
 
Together with the mid-year AVC of 0.45 month in July 2016, civil servants will receive a full-year AVC of 0.95 month in 2016. This is 0.20 month lower than last year’s full-year AVC of 1.15 months (with a minimum year-end payment of $1,100). The lower AVC is in line with the lower economic growth for 2016 compared with 2015. The year-end AVC payment (including the minimum payment) was decided in consultation with the public sector unions.
 
All civil servants will also get the Non-Pensionable Annual Allowance (NPAA) of 1 month, to be paid in December together with the AVC.
 

Add comment

Emails are optional and for tracking replies. Names are unique; get yours today with a comment!


Security code
Refresh

La Daily

Asia Security Summit wraps up in Singapore
Asia Security Summit wraps up in Singapore

  One of Asia's biggest security conferences was held in Singapore.   Topping [ ... ]

Read more la
Prince Harry arrives in Singapore for charity polo match
Prince Harry arrives in Singapore for charity polo match

  Prince Harry arrives in Singapore ahead of the Sentebale Royal Salute Polo Cup which [ ... ]

Read more la
Walt Disney collaborates with Singapore Tourism Board
Walt Disney collaborates with Singapore Tourism Board

13 April 2017, Singapore – Singapore Tourism Board (STB) and The Walt Disney Company Southeast Asi [ ... ]

Read more la
S. Korea, Singapore agree to send strong message to N. Korea over threats
S. Korea, Singapore agree to send strong message to N. Korea over threats

  South Korea and Singapore have reaffirmed that North Korea's provocations pose a s [ ... ]

Read more la
Price of water to go up by 30% over 2 years
Price of water to go up by 30% over 2 years

Water prices will be revised from 1 July 2017. Tariffs will go up in two steps, in July 2017 and in  [ ... ]

Read more la
Road Tax Discs to be phased out from 15 Feb 2017
Road Tax Discs to be phased out from 15 Feb 2017

As announced in August last year, the Land Transport Authority (LTA) will stop issuing physical road [ ... ]

Read more la
Singapore welcomes its Terrexes home from Hong Kong
Singapore welcomes its Terrexes home from Hong Kong

  On 30 Jan 2017 at 1440hrs, the Singapore Armed Forces (SAF) welcome home its nine Terrex I [ ... ]

Read more la
Company director fined $1.4m for importing duty-unpaid soju
Company director fined $1.4m for importing duty-unpaid soju

A company director was sentenced by the State Courts on 20 January 2017 to a fine of $1,400,000 or i [ ... ]

Read more la
Reciprocal Road Charge on foreign-registered vehicles from 15 Feb 2017
Reciprocal Road Charge on foreign-registered vehicles from 15 Feb 2017

  From 15 February 2017, all foreign-registered cars will have to pay a Reciprocal Road Char [ ... ]

Read more la
MOT, PSA to test self-driving trucks soon
MOT, PSA to test self-driving trucks soon

Singapore, January 2017 - The Ministry of Transport (MOT) and PSA Corporation have signed agreements [ ... ]

Read more la
E-scooters not allowed on Roads and more rules passed in Parliament on 11 Jan 2017
E-scooters not allowed on Roads and more rules passed in Parliament on 11 Jan 2017

- New Rules and Code of Conduct for Cycling and the Use of Personal Mobility Devices
- Stiffer Penalt [ ... ]

Read more la
​NTU & German scientists turn memory chips into processors to speed up computing tasks
​NTU & German scientists turn memory chips into processors to speed up computing tasks

A team of international scientists have found a way to make memory chips perform computing tasks, wh [ ... ]

Read more la
Retrenchment Benefits Survey 2015
Retrenchment Benefits Survey 2015

Singapore, January 2017 - Amid softer economic conditions and ongoing business restructuring, 15,580 [ ... ]

Read more la
Collision of Container Vessels Wan Hai 301 & APL Denver in Johor Straits
Collision of Container Vessels Wan Hai 301 & APL Denver in Johor Straits

UPDATES, 5 JAN 2017, 1700 hrs: Collision of Container Vessels WAN HAI 301 and APL DENVER
 
The M [ ... ]

Read more la

verychio.com-drag-and-drop-editor

La Latest

Owners elated to find dog alive after wildfires

  When Jack Weaver hiked to his mother’s home in California, he expected the fam [ ... ]

Read more la
Ousted President Park Geun-hye speaks out for first time since arrest in March...

  Park Geun-hye spoke out in court. The impeached leader slammed the move to keep [ ... ]

Read more la
North Korea one of seven nations seen as global cyber powers: Vox

  A U.S.-based media outlet claims North Korea has some of the best hacking capabi [ ... ]

Read more la
Firefighters rescue disabled woman from California blaze

  Dramatic body camera footage shows firefighters in California's wine country res [ ... ]

Read more la
Prehistoric Culture Festival 2017 takes off in Seoul

  Unbeknownst to many Seoulites... there's actually a prehistoric settlement site  [ ... ]

Read more la
Clashes break out in Paris during public sector strike

  Police in Paris clash with protesters during a demonstration over public sector  [ ... ]

Read more la
Wildfires ravage California killing 10

  At least 10 people have died as wildfires sweep through California's wine re [ ... ]

Read more la
Hurricane Nate makes landfall

  Hurricane Nate made landfall this weekend brining flooding and damage to US  [ ... ]

Read more la

La Entertain

Demi Lovato and Paris Hilton weigh in on Weinstein scandal

  Demi Lovato and Paris Hilton have weighed in on the Harvey Weinstein scandal at th [ ... ]

Read more la
Taylor Swift wins sexual assault case against ex-DJ

  Singer Taylor Swift wins a sexual assault case against former radio DJ David M [ ... ]

Read more la
K-Pop star T.O.P gets suspended sentence for marijuana use

  One of the biggest K-pop artists in Korea is set to spend time behind bars for use [ ... ]

Read more la
Song Joongki Song Hyekyo to be married in Oct17; baby made-in-bali?

  Two of Korea's best-loved stars have announced they're tying the knot.   So [ ... ]

Read more la
Jay Chou's son looks like mother or grandmother?

On 20 June 2017, Jay Chou confirms the birth of his second baby, a baby son, with a good effort on h [ ... ]

Read more la
Edison Chen welcomes daughter Alaia Chen with wife Qin Shupei

Strongest player in Asia, Edison Chen, seems to have finally stopped playing... we think.... to sett [ ... ]

Read more la
Hannah Quinlivan gives birth to son for Jay Chou?

Hannah Quinlivan is heavily pregnant with Jay Chou's second baby - a baby son.   Media foreca [ ... ]

Read more la
Wallace Huo grows longer with Zhou Xun at Shanghai Film Festival 2017

At the opening of the Shanghai Film Festival on 17 Jun 2017, long-time-no-see Wallace Huo and co-sta [ ... ]

Read more la