Parents: Ah boy, when you grow up what you wanna be?
Ah Boy: I wanna be a doctor/lawyer/engineer/architect
Parents: Good Ah Boy!
Now
Parents: Ah boy, when you grow up what you wanna be?
Ah Boy: I wanna be a Minister.
Parents: Very good Ah Boy!
What's my point here? Well, the following may gives you a better idea:
Annual salaries of heads of government:
1. Singapore Prime Minister US$1,100,000 (S$1,958,000) a year
2. United States of America President: US$200,000
3. United Kingdom Prime Minister: US$170,556
4. Australia Prime Minister: US$137,060
Annual salaries of heads of government:
1. Singapore Minister: US$819,124
2. UK Minister: US$146,299
3. US Cabinet Secretary: US$157,000
(Source: Asian Wall Street Journal 10 Jul 2000)
.....And now, another raise in time to come. How to not want to be a minister. With such high pay to help people and just blast them when they are asking for too much help...
ST Nov 29, 2006
Ministerial pay 'lags behind benchmark'
But decision on whether to relook salaries rests with PM, says SM Goh
By Sue-Ann Chia
BRATISLAVA (SLOVAKIA) - MINISTERS' salaries are pegged to that of the private sector, but they still lag behind the benchmark.
It is therefore likely that when civil service pay is reviewed, ministers' salaries will also be looked at, said Senior Minister Goh Chok Tong yesterday.
Last week, the Government indicated that salaries of civil servants are likely to go up as it must keep its wages competitive to recruit and retain talent in a tightening labour market.
At an interview yesterday wrapping up his visit to Europe, Mr Goh was asked about the likelihood of the pay increase, including for ministers.
He replied: 'Since the year 2000, six years have gone by with very good growth rates in some of the years, so it's time to have a look at the salary of the civil service as a whole, including the salary of the ministers.'
Right now, he said, ministers' pay packets are at 50 per cent of the benchmark, when they should be at two-thirds level.
According to the formula agreed upon for over a decade now, ministerial pay is benchmarked to the salaries of the top earners in six chosen professions. It is set at two-thirds the median income of the top eight earners in each of these six professions - that is, the pay of the individual at the mid-point of the list.
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