Where the Prime Minister's remuneration was concerned, the Committee recommended that it be pegged to twice of a MR4-grade minister's salary and doing away with the fixed service bonus. Instead, the Prime Minister will receive a larger national bonus. His annual bonus where the targets for the indicators have been met will be six months' salary, and 12 months' salary where they have been greatly exceeded. This will lead to a reduction in the Prime Minister's annual salary of 28% to $2.2 million (about US$1.7 million). Lee Hsien Loong said that he accepted the committee's recommendations. He remains the best-paid head of government in the world, his proposed annual pay package exceeding that of the then Chief Executive of Hong Kong Sir Donald Tsang, the political leader with the second-highest salary in the world (around US$550,000), by about three times; and that of then President of the United States Barack Obama (US$400,000) by over four times.