The committee to Review Ministerial Salaries recommended that pensions for political appointment holders be abolished in favour of Central Provident Fund payments. Appointment holders appointed on and after 21 May 2011 will not receive any pension, while those appointed before that date will only be eligible for pensions accrued up to that date. Such pensions will be paid after they step down or retire from office. If the removal of pensions is taken into account, the Prime Minister's annual salary will be reduced from the 2010 figure by 36%, and that of MR4-grade ministers by 37%.