Advanced Search Advanced Search Close Panel All of these words This exact phrase Any of these words Without these words Search within: PSDWhole of Government Expand All Collapse All Top 5 Most Popular FAQsRemuneration for Ministers and Members of Parliament1. What is the Speaker’s annual salary? What is the Deputy Speaker’s annual allowance? What are the components? The salary of a full-time Speaker is pegged to the MR4 benchmark and structured as a 14-month package, i.e. it includes the 13th month bonus and Annual Variable Component (AVC) but excludes Performance Bonus and National Bonus. The allowance of a full-time Deputy Speaker is pegged to 15% of a full-time Speaker. Parliament currently applies a 50% discount to both positions as they are not full-time positions. This means that the Speaker’s annual salary package will be $550,000, a 53% cut from the 2010 salary, while the annual allowance of the Deputy Speaker will be $82,500, a 15% drop from the 2010 allowance.The pension scheme has been removed for the Speaker with effect from 21 May 2011.The Speaker and the Deputy Speaker are on the Medisave-cum-Subsidised Outpatient (MSO) scheme and receive no perks. The Speaker is accorded the use of an official car that is subject to tax. 2. What is the Prime Minister’s annual salary? What are the components? The Prime Minister receives a total annual salary package (inclusive of 13th month bonus, Annual Variable Component and National Bonus) that is twice the MR4 benchmark, or $2.2m, which represents a reduction of 36% from 2010 levels. As there is no one to decide on the annual performance bonus for the PM, the PM’s bonus will be based only on the National Bonus. Pensions for political appointment holders, including the Prime Minister, has been removed with effect from 21 May 2011. The Prime Minister is on the Medisave-cum-Subsidised Outpatient (MSO) scheme. He is accorded the use of an official car that is subject to tax, and receive no perks. 3. What is the President’s annual salary? What are the components? The President is Head of State and has significant custodial powers. However, unlike the Prime Minister, he does not set national policies and does not have direct executive responsibility for governing the country, except as it relates to his custodial role. The President is paid the same monthly salary as the Prime Minister, with 13th month bonus and AVC, but without the Performance Bonus and National Bonus. This gives a salary of $1.54m, which represents a reduction of 51% from 2010 levels. The possibility of a pension for the President was previously provided for under the Civil List and Pension Act. This provision has never been exercised and no President has ever received a State pension. This provision has been removed for the President, in line with the removal of pensions for political appointment holders. The President is on the Medisave-cum-Subsidised Outpatient (MSO) scheme. He is accorded the use of an official car that is subject to tax, and receive no perks. 4. What is a Member of Parliament (MP)’s annual allowance? What are the components? What about Non-Constituency MPs (NCMPs)/ Nominated MPs (NMPs)? MPs are paid an allowance for the time and expenses incurred in serving in that capacity. Our MPs serve dual roles – they have a community-based role, i.e. looking after the needs of their constituents and raising their concerns in Parliament, and also a legislative role in Parliament where they can influence decisions on Government budgets, and enact or amend legislation, including the Constitution.As MPs play a political role, their allowance should be pegged to that of the political appointment holders. But since MPs do not have an executive role, MPs are given only a monthly allowance, a 13th month bonus and AVC. Hence, an MP’s annual allowance is 17.5% of the MR4 benchmark, i.e. a drop of 3% from the 2010 allowance. The annual MP allowance is $192,500.Prior to 21 May 2011, only MPs elected before 1995 were eligible for pension. However, just like the political appointment holders, the pensions of these MPs have been frozen as at 20 May 2011. They will receive the frozen pension when they step down from their MP positions.NCMPs and NMPs have smaller roles than MPs. They do not have a community role as they do not have constituents. They also have a reduced legislative role in that they cannot vote on government budgets and changes to the Constitution. Hence the annual allowance of an NCMP / NMP is pegged to 15% of the MP’s annual allowance. An NCMP/NMP’s annual allowance is $28,900, which is a drop of about 4% from the 2010 allowance.MPs are on the Medisave-cum-Subsidised Outpatient (MSO) scheme. There are no other perks. 5. What does the revised Ministerial salary framework consist of? The revised salary formula features fixed and variable pay components which are linked to individual performance and national outcomes, i.e. Annual Salary = Fixed (13 months)+ Annual Variable Component (typically 1 month)+ Individual Performance Bonus (3 months for good performance)+ National Bonus (3 months if targets are met)= 20 months.A Minister may start at the lower end of the MR4 range with a monthly salary of $46,750. This works out to an annual salary of $935,000, of which $607,750 is fixed and the rest is variable. At the benchmark level, the monthly salary is $55,000, which works out to an annual salary of $1,100,000. The fixed salary is $715,000 and the rest is variable.The salaries of the appointment holders are performance-linked, to ensure that the leaders are accountable for their roles and responsibilities. The salaries are also linked to the socio-economic outcomes of Singaporeans. If you are unable to find an answer to your query, please submit your Feedback to let us know how we can help you.