Singapore Ministers Get Pay Hike | Charlotte News

Singapore’s ministers are getting a pay raise after 15 years — with PM Lawrence Wong’s salary set to jump to $3.6 million and the ministerial benchmark rising to $1.8 million — but not all at once: starting October 15, they’ll get up to a 9% performance-based bump. The government says it’s needed to lure top talent into politics, where salaries have lagged behind private sector pay. PM Wong will donate his entire raise for five years, underscoring the sensitivity around political pay. All compensation is now transparent, using the top 1,000 earners’ median income as a base with a 40% discount. The new structure, reviewed every five years, aims to build a stronger team for Singapore’s future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/cb26362a3ca4224f