Senior Civil Servant's Pension Will Be Renamed As "Long-Term Long-term Retention Package"

Yahoo! News Singapore, 8 Apr 2013
Civil servants in the elite Administrative Service and in judicial and key statutory appointments will no longer receive pensions, according to Deputy Prime Minister Teo Chee Hean in Parliament Monday.
Teo said in Parliament that the pensions will be replaced with a long-term retention package for officers in the Admin Service. This would help keep these officers to ensure the policies they are working on have a sense of continuity.
Teo said that a gratuity plan would be put in place for judicial and statutory appointment holders, including the Attorney-General, Auditor-General and chairman of the Public Service Commission. Full story