As a reminder, the Tripartite Coordination Committee agreement of 28 September 2022 provided for an increase in the minimum social wage without specifying the exact amount.

On 25 November, the Council of Government approved a bill providing for an increase of 3.2% increase on 1st January 2023.

The bill has not yet been tabled in the Chamber of Deputies, but is expected to be tabled shortly.

It is therefore important for employers to be prepared for this financial impact, especially as STATEC foresees up to 3 indexations over the year 2023 included the indexation postponed from June 2022 to April 2023.

 

Need more information?
Don't hesitate to contact us: VO Consulting.