Pension is 10% of annual salary at most

Hsien Loong has spoken on the impending findings of the Salary Review Committee, likely to be out in time for Christmas. He touched a bit on how the pension scheme works and that the max a minister will get is 10% of his annual salary. In his short revelation, everything is in percentages and nothing absolute was revealed.

What is 10% of annual salary? Or what is annual salary? Does this annual