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  1. Feb 22, 2024 · Salaries of the President, Prime Minister, Ministers & MPs in Singapore (Summary) The annual salary of Singapore’s president is $1,540,000; The annual salary of Singapore’s prime minister (PM) is $2,200,000; An entry-level minister in Singapore draws a salary of $1,100,000 per year

  2. Apr 16, 2024 · Formula For Calculating The Salary Of Singapore’s Prime Minister. As there isn’t a way to evaluate the Prime Minister’s individual performance, the Prime Minister doesn’t receive an Individual Performance Bonus, so the Prime Minister receives a larger National Bonus instead.

  3. The prime minister's annual salary was S$3.07 million before a salary review in 2011. On 21 May 2011, a committee was set by Prime Minister Lee Hsien Loong, to review the salaries of the prime minister as well as the president, ministers, members of Parliament and other political officeholders.

  4. Jan 11, 2023 · According to PSD, as of 2023, the benchmark level of a minister's monthly salary stands at S$55,000, working out to an annual salary of S$1.1 million. In 2018, an independent committee...

    • Ian Cheng
  5. Jan 11, 2023 · HOW MUCH DOES THE PRIME MINISTER EARN? Using the salary ratio, the Prime Minister receives a total annual salary package that is twice the benchmark level of an MR4 minister, or S$2.2...

  6. What is the Prime Minister’s annual salary? What are the components? The Prime Minister receives a total annual salary package that includes the 13th month bonus, Annual Variable Component (AVC) and National Bonus. It is set at two times of the MR4 benchmark, or $2.2m, which represents a reduction of 36 per cent compared to 2010. There is no ...

  7. Thus, the Prime Minister appointed a committee to review the basis and level of salaries for the President, Prime Minister, political appointment holders and MPs to ensure that the salary framework will remain relevant for the future. The Committee has completed its review and submitted the attached report to the Prime Minister on 30 December 2011.