Public-Sector Salaries to Rise 3.5% This Year

      January 04, 2012 11:38

      The salaries of public servants will rise 3.5 percent on average this year after the Cabinet approved revised regulations on their salaries and expenses on Tuesday.

      Since the start of the Lee Myung-bak administration in 2008, public-sector salaries rose 2.5 percent the same year but were frozen for the next two years, only to rise 5.1 percent last year.

      The Ministry of Public Administration and Security said the wage increase reflected "differences in increases between the salaries of private-sector workers and the public sector" as well as this year's projected inflation rate of 3 percent.

      Lee’s annual salary will rise from W179.1 million to W186.4 million (US$1=W1,151). When an additional W3.2 million in monthly supplementary payments and W130,000 a month in food subsidies are included, his yearly paycheck will increase from W219.1 million to W226.4 million. Lee has donated his entire salary to charitable organizations.

      The prime minister's annual salary will amount to W144.5 million, and government ministers will earn W106.3 million a year. The mayor of Seoul will make W106.3 million.

      Army privates will earn W81,500 a month and sergeants W108,000. With the wage hike, total personnel expenses will require a budget of W26.48 trillion this year, up around W1 trillion from 2011.

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