The National Bonus was a recommendation of the White Paper on "Salaries for a Capable and Committed Government" that was endorsed by Parliament in January.
Based on the approved formula, the 2011 National Bonus is 2.625 months, but since the new salaries took effect on 21 May 2011, the pro-rated amount will be 1.618 months, to be paid in March 2012.
All political appointment holders (Parliamentary Secretary to Deputy Prime Minister) will get the same National Bonus rate to reflect their joint contributions as part of the Cabinet. The Prime Minister will get twice the rate as he does not get a performance bonus.
The National Bonus provides a direct link between the salaries of political appointment holders and the socio-economic progress of average- and lower-income Singapore citizens and the growth of Singapore.
The National Bonus is based on four socio-economic indicators with each accounting for 25 per cent of the payout. The payout ranges from 0 to 6 months and political appointment holders will get 3 months if the targets for the indicators are met.
ORIGINAL SOURCE
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