The dignified looking gentleman in the picture above is the Malaysian Prime Minister, Dato Seri Najib Tun Razak. He presented the Malaysian 2012 Budget this afternoon. Like most civil servants, I wasn't too interested in the trading and financial bits but when he came to the part for civil service, I gave my full attention.
Here is a summary of the goodies in store for 2012.
- Government proposes new Civil Service Remuneration Scheme or SBPA which includes an exit policy for underperforming civil servants and for those who opt to leave the service.
- Annual increment of civil servants increased between RM80 and RM320 according to the grade. Also civil servants who accept SBPA will receive an annual increment between 7% and 13%.
- Compulsory retirement age increased from 58 to 60 years old to optimise civil servants’ contribution.
- Additional bonus of half-month salary with a minimum payment of RM500 and an assistance of RM500 to government pensioners to be paid together with the December salary this year.
- For 2011, this totals to one month pay with a minimum payment of RM1,000 for civil servants and RM1,000 for Government pensioners. This will benefit 1.3 million civil servants as well as 618,000 Government pensioners. The total bonus and assistance payments for this year accounts for RM4 billion.
- Civil servants are offered masters degrees and PHDs opportunities to further their studies on part time basis. RM80 million is allocated for this to improve their careers
2 comments:
Everything is still not so clear unless we get hold of the full report abt the new salary scheme.
Yeah! Let's wait for the full report. Thanks for commenting.
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