Singapore PM to freeze his pay for 5 years, donate pay hikes


Summary

SINGAPORE: Prime Minister Lee Hsien Loong says he will hold his own salary at the present level for five years and will donate any increases in his salary during that period.

He made the announcement in Parliament on Wednesday, as the House continues its debate on salary revisions for government ministers and civil servants.

Mr Lee said making a large adjustment in public sector salaries now is politically a most difficult decision.

After discussing it at length in Cabinet, and with Senior Minister Goh Chok Tong and Minister Mentor Lee Kuan Yew in particular strongly encouraging him to do it, PM Lee decided to move now because of the overriding importance of keeping public sector salaries competitive.

The Prime Minister said that to make clear why he is doing this, and to give him the moral standing to defend this policy to Singaporeans, he will hold his own salary at its present level for five years.

The Government will pay him his full pay, because that is how the system must work.

But for five years, he will donate the increase in his salary from this and subsequent revisions.

To read more, view source:
http://www.channelnewsasia.com/stories/singaporelocalnews/view/269709/1/.html

posted - Friday, April 13, 2007; 1:45 PM
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