Wednesday, January 04, 2012

Singapore PM faces 36 percent pay cut, but still world's best paid...

Singapore Prime Minister Lee Hsien Loong and his ministers will see their pay slashed by about 36 percent as the government responds to opposition complaints over their high salaries but Lee will remain the world’s best-paid leader.

Singapore pays its government members and civil servants generously to attract top talent to the public sector but leaders’ pay has been criticised as excessive by the opposition which made historic gains in a general election last May.

Lee earns more than S$3 million (1.4 million pound) a year but will see that reduced to S$2.2 million under the recommendations of a review committee he appointed last year, the committee said on its website. Full story...

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