Some 77,000 civil servants in Singapore will be getting an Annual Variable Component (AVC) of 0.7 month in December, announced the Public Service Division in a statement.
Lower-wage workers earning less than S$1,430 will get a minimum AVC amount of S$1,000. About 96% of these 2,000 workers are Division IV officers.
The amount was decided based on the “more subdued economic outlook” for the rest of 2012, with the economy expected to grow at a slower pace of 1.5%.
All civil servants will also get the Non-Pensionable Annual Allowance (NPAA) of one month, to be paid at the end of the year along with the AVC.
The Public Service Division said: "The electronics manufacturing cluster would continue to be weighed down by tepid external demand. On the other hand, expansion in the construction sector could provide modest growth support to the overall economy.
In addition, growth may be slightly lower than forecast if the weakness in the externally-oriented sectors persists into the final quarter of 2012."
The year-end AVC payment was decided in consultation with the unions. Last year, civil servants got a 0.75-month AVC at the end of the year.
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