Singapore Civil Servants Win or Lose Bonuses on the Economy
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In Singapore, civil-servant bonuses rise and fall with the economy’s performance, and the latest payout shows the island’s growth is cooling.
The government declared a year-end bonus this week equal to 0.8 of a month’s salary for civil servants, bringing the full-year package to 2.3 months. That compares with 1.1 months at the end of 2013 and 2.5 months for all of last year.