Cost of Climate Change

CIVIL SERVICE 2021 YEAR END BONUS: HOW MUCH?

Dear readers, the Civil Service 2021 Year End Bonus is likely to be announced soon. Around this time every year, near the announcement of 2021 Civil Service Year End Bonus, I am particularly interested to know the bonus quantum since the quantum of Civil Service Year End Bonus 2021 is likely to be referenced by the private sector as well.

Before I proceed on my take on the 2021 Year End Singapore Civil Service Bonus, let us recall what was paid for 2020 Year-End Civil Service Bonus: there was no year-end bonus for all civil servants though there was the usual “13th month” payment and lower-wage civil servants received a one-time payment of $1,200.

Notwithstanding the above, there was a 2021 Mid Year Singapore Civil Service Bonus paid out to civil servants this year (year 2021): a 0.3-month mid-year bonus for the Civil Service with civil servants in more junior grades receiving one-time payment of $350 or $700.

Given that a mid-year civil service bonus was earlier paid out this year and that Singapore is currently in the stabilization phase towards living with Covid-19, I am of the view that there will be a Year-End 2021 bonus paid out to Singapore civil servants.

As for the quantum of the 2021 Singapore Year-End bonus? Well, we could perhaps reference to what was paid out for 2019 Year-end Singapore Civil Service bonus. Back then, due to the prevailing economic uncertainties, civil servants below superscale grade received a year-end bonus of 0.1 month and an additional one-off lump sum payment of $250 to $1,500, with civil servants in the lower pay grades receiving a higher amount. Senior civil servants in superscale grades received a one-off payment of $400 in place of a year-end bonus.

Let us travel a little more to Year 2018: Civil servants received a year-end bonus of 1 month and lower-wage civil servants received a year-end payment of $1,800.

There we have it: a 1-month year-end bonus for civil servants in 2018 (in normal times), a 0.1 month year-end bonus for civil servants in 2019 (in a year with economic uncertainities) and not mentioning, no year-end bonus for civil service in 2020.

Hence, given my opinion that a year-end bonus for civil servants is likely to be paid this year (since a mid-year bonus has already been given out this year), I predict that a year-end bonus for 2021 for civil servants to be between the quantum of 0.1 month (given for 2019) and 1 month (given for 2018).

With Singapore’s economy reported to be showing some signs of growth, I predict a quantum of Year-end 2021 Singapore Civil Service bonus to be in the higher half of 0.5 month to 1 month. I would think a 1-month year-end bonus is unlikely since we are not in the normal state of economy yet, hence my final prediction will be for a 0.5 to 0.7 month for civil service year-end bonus 2021.

But I would not rule out a higher bonus payout (say a one-month year-end bonus) for frontline workers for Covid-19 given recent proposals to recognise the efforts of them in their fight against Covid-19 with higher monetary incentives.

I hope everyone in both public and private sectors have some form of year-end bonus this year as ever since Covid-19, many of us may not have an easy time!

Do continue to Stay Safe, Stay Healthy!

That’s it for my insights today.  I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!


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