Singapore PM's 64% pay rise widens gap with global leaders under 'clean wage' system

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Source: CNBC
Singapore PM's 64% pay rise widens gap with global leaders under 'clean wage' system
Photo: CNBC
TL;DR Summary

Singapore's Prime Minister Lawrence Wong will see ministerial pay rise to SG$3.6 million after 15 years without changes, part of a 'clean wage' system linked to private-sector median earnings and with no hidden perks. He plans to donate the entire increase to charity for five years. The upgrade makes his salary more than four times the Swiss president and seven times the U.S. president, and initial one-off boosts for current ministers could be smaller (up to about 9%), depending on performance and responsibilities.

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