On 21 May 2011, following the 2011 general election, the Prime Minister announced that a committee would be appointed to review politicians' remuneration, and that revised salaries would take effect from that date. The committee to Review Ministerial Salaries chaired by Gerard Ee rendered its report on 30 December 2011, and released it to the public on 4 January 2012. As regards ministerial pay, the Committee recommended benchmarking an MR4-grade minister's salary to the median income of the top 1,000 wage earners who are Singapore citizens, with a 40% discount "to signify the sacrifice that comes with the ethos of political service". It also recommended removing the special allowance and public service leadership allowance; capping performance bonuses at six months' salary (with good performers generally receiving three months' salary); and replacing the GDP bonus with a national bonus based on four equally weighted indicators: the real median income growth rate (that is, the growth rate taking inflation into account), the real growth rate of the incomes of the lowest 20th percentile earners, the unemployment rate, and the real GDP growth rate. As regards the latter, no bonus will be paid if the minimum targets for the indicators are not met. A bonus of three months' salary will be paid if the targets are met, and a maximum bonus of six months' salary if the targets are greatly exceeded. This would result in a reduction of an M4-grade minister's annual salary by 31% of the 2010 figure to $1.1 million.