Singapore’s government ministers will receive the first salary increase in 15 years, Prime Minister Lawrence Wong announced during a parliamentary session on Tuesday. The adjustment is aimed at ensuring the government remains competitive in attracting skilled professionals to political office.

Under the revised pay framework, the baseline annual salary for a minister at the entry level will be raised from 1.1 million Singapore dollars (approximately $868,330) to 1.8 million Singapore dollars ($1.42 million). Meanwhile, the prime minister’s benchmark salary will increase from 2.2 million Singapore dollars ($1.7 million) to 3.6 million Singapore dollars ($2.8 million).

Despite the new salary benchmarks, ministers and other political officeholders will not immediately see their pay jump to the revised levels. Instead, a one-time salary adjustment of up to 9% will be implemented starting Oct. 15. The precise amount of the increase will depend on individual ministers’ performance and responsibilities. Prime Minister Wong anticipates that most ministers at the lowest grade will earn around 1.35 million Singapore dollars ($1.06 million) by the end of the current term.

Salaries beyond this period will no longer automatically progress to the benchmark figure but will continue to vary based on performance metrics. Wong did not specify the exact new salary he will receive but indicated that a 9% increase would raise his annual remuneration to about 2.4 million Singapore dollars ($1.89 million). The prime minister also stated his intention to donate the entirety of his salary increase to charitable causes over the next five years.

The decision to raise ministers’ pay follows prolonged concerns about the government’s ability to attract and retain top talent in politics if salaries remain stagnant. Singapore’s cabinet ministers have long been recognized as some of the highest-paid public officials globally. This salary revision reflects the government’s strategy to ensure remuneration aligns with the demands and expectations of public service in a competitive environment.