FOR ACADEMIC APPOINTMENTS LECTURESHIP AND ABOVE

1.   Contract

A new appointee to an academic position in the University is usually placed on a 3-year contract.  Further contracts will be considered by the relevant School Reappointment Committee convened by the School Chair.  Decisions on continued employment are usually conveyed to faculty members about 3 months before the expiry of their contracts.

Tenure contract refers to a contract of service up to 65 years of age.  A faculty on tenure-track will be eligible for tenure consideration and the tenure decision for Assistant Professors and Associate Professors will be made no later than the 9th and 6th year of employment respectively.

2.   Remuneration

Faculty members will be paid an annual salary, which shall be in Singapore currency and paid in monthly installments on or before the last working day of every calendar month. Salary in respect of an incomplete month and/or year of employment will be on a pro-rata basis. The annual salary comprises the Monthly Base Pay (multiplied by 12 months) and the monthly installment of the Group Bonus (multiplied by 12 months). Income tax payable on salary will be borne by faculty member.

(a)     Monthly Base Pay

The Monthly Base Pay of individuals will be reviewed annually by the University, and will be based on the performance of the faculty member and the national economic growth and productivity gains.

(b)     Group Bonus

The Group Bonus is determined and reviewed by the University on an annual basis, and is based on the achievements, outcome and financial situation of the University.

(c)     Performance Bonus

In addition to the payment of salary set out above, subject to the performance of the faculty member and the performance of the University, the University may in its absolute discretion decide to pay an Individual Performance Bonus.

The Group Bonus and the Individual Performance Bonus are not contractual commitments and the University reserves the right to vary or withdraw them at any time.

(d)          Superannuation Benefits

Central Provident Fund (CPF) - for Singaporeans and Singapore Permanent Residents (SPR) only.

The University and faculty members who are Singapore Citizens or permanent residents will contribute monthly to the individual’s CPF account at such rate as the CPF Act (Chapter 121) or regulations enacted thereunder may from time to time stipulate. The rates and limits of contributions are subject to revision in accordance with the rules as set out in the Central Provident Fund Act (Chapter 121). The contributions are income tax exempt. Information on rates and limits of CPF contributions are obtainable from the CPF Board’s website at http://www.cpf.gov.sg/.

Special Payment For Foreign Staff (SPFS) - for foreigners on Employment Pass only.

The University will pay to foreign faculty members on employment pass a monthly SPFS which shall be a percentage of the individual’s Monthly Base Pay, Group Bonus as well as any Individual Performance Bonuses which percentage shall be equivalent to the prevailing rates required to be contributed by the University to the Central Provident Fund (CPF) in respect of its local employees. The maximum amount of SPFS payable by the University shall also be equivalent to the maximum amount required to be contributed by the University to the CPF in respect of its local employees. The SPFS is subject to income tax.

Based on the prevailing employer's CPF contribution rates and limits of payment the SPFS rates are given below:

A)  SPFS on Monthly Base Pay

Age of Faculty Member

SPFS Rate

Limit on Monthly Base Salary for SPFS Computation

50 & below

14.5%

SPFS is computed based on the applicable SPFS rate calculated on the Monthly Base Pay which is capped at S$4,500.

Above 50 to 55

10.5%

Above 55 to 60

7.5%

Above 60

5%

Age of Faculty Member

SPFS Rate

Limit on Bonuses for SPFS Computation

50 & below

14.5%

The limit on bonuses for SPFS computation is calculated as follows:

S$76,500 - Annual Base Pay capped at S$54,000.

Above 50 to 55

10.5%

Above 55 to 60

7.5%

Above 60

5%

3.   Benefits

Depending upon the terms of contract offered the following benefits may be applicable:

• On-campus Subsidised University Housing (subject to availability)

• Medical/Dental benefits

• 42 days of annual leave per calendar year

• For tenured faculty, up to 8 months of academic/industrial leave after 5 years of residential service

• Up to 10 hours per week for outside consultation of a specialist nature. Faculty retain fees earned.

• Relocation assistance upon appointment and cessation of service.

All and any allowances or benefits which the faculty member may be eligible for will be subject to income tax which shall be borne by the faculty member. For further information, please refer to the website of the Inland Revenue Authority of Singapore (IRAS) at http://www.iras.gov.sg/