Civil servants to receive a 1.05-month year-end bonus
Junior grade officers also get an additional one-time payment of $600.
The government will pay all civil servants a year-end Annual Variable Component (AVC) of 1.05 months, the Public Service Division said.
Civil servants in grades equivalent to MX15 and MX16 and those in the operations support scheme (OSS) will also receive an additional one-time payment of $600.
This year-end payment takes into consideration the National Wages Council (NWC) guidelines for 2024-2025 as well as Singapore’s gross domestic product (GDP), which is expected to grow by around 3.5% in 2024.
The government will continue to pay the non-pensionable annual allowance (NPAA) of 1 month to all civil servants.
The Ministry of Trade and Industry has upgraded Singapore’s GDP growth forecast for 2024 to “around 3.5%” from “2% to 3%.”
The assessment reflects the better-than-expected performance of the Singapore economy in the first three quarters of the year, alongside the latest global and domestic economic situations.
On the labour market front, the Ministry of Manpower’s labour market advance showed that total employment continued to expand even when uncertainty in the global economy remained. Unemployment rates and retrenchments also remained low amid a tight labour market.