Yahoo! News Singapore, 10 Sep 2012Parliament on Monday passed a bill that removes pensions for government office-holders and Members of Parliament (MPs), putting into effect the recommendations on ministerial salaries which were endorsed in January.
New office-holders appointed on or after 21 May last year, when the new government took office, as well as office-holders who had served less than eight years by that date, will not receive pensions.
Eligible office-holders with eight years or more of service before the same date, and current MPs who were elected before 1 January 1995, have had their pensions frozen since 21 May last year. Full story
