Yahoo! Singapore News, 24 Nov 2011Singapore’s 76,000 civil servants will get a total of 1.75 months end-of-year bonus this year, said the Public Service Division (PSD) on Thursday.
The payout comprises of the 13th-month payment and an additional 0.75 month payout. The latter, the annual variable component (AVC), was decided after the PSD took into account the 5.4 per cent economic growth in the first three quarters of 2011 and the overall growth forecast for the year, said PSD in a statement. Full story
