From the Straits Times, May 29, 2008 Thursday:
SOME 60,000 civil servants in Singapore will get a half-month mid-year bonus in July and an inflation bonus of between $100 and $300.
Officers in the lower divisions – Division III and IV – will receive $250 and $300 respectively, while those in Division I and II will get $100.
The additional payment is in line with the National Wages Council’s recommendation this month for a one-off special payment, with a larger amount going to low-wage workers, to help them cope with the rising cost of living.
NTUC deputy secretary-general Halimah Yacob hopes the private sector will make a similar one-off payment to lower-paid workers.
Please share your views. What do you think of this “inflation bonus”?