Thursday, April 11, 2013

Admin Service pension by another name

I didn't want to read/use the story of this subject by SPH or Mediacorp. On a subject like this I pay more attention to alternative sources.

What's the diff? Pension is now called by another albeit mouthful: long term retention package. Same thing, just semantics. At the end of the day it is asking the officers to look at the birds in the bush that he/she could have if they stick around long enough. Many more than the birds in hand.

This is sad, yet another instance of the government preferring form over substance. That's why they are coy about revealing the details of 'new pension'.  I think new pension rings louder than sneaky long term retention package. I think to obscure if further it will morphed into LTRP. Some people do not know that the frequently used PIE is Pan-Island Expressway. It works! But only until 2016 when people are massively educated for the occasion.

1 comment:

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