Minimum social wage, REVIS, pension ready to rise on 1 Jan.
Luxembourg’s Ministry of social security has issued the new 'social parameters' due to come into force on 1 January 2019.
The new figures include the country's latest regulation amendments.
The gross minimum social wage will increase by 1.1% next Tuesday: up to €2,071.10 (for unskilled employees over 18 years old) and to €2,485.32 (for skilled employees over 18 years-old), under the law of 21 December 2018 amending Article L. 222 -9 of the Labour Code.
"This adjustment entails changes to the minimum and maximum contributory amounts, as well as to the level of the compensation ceiling for parental leave," the Ministry of social security explained.
The recent changes in the social legislation on the social inclusion income (REVIS) will also increase the amounts of several social benefits.
Moreover, current pensions will be adjusted upwards by 0.8%.
On 15 October, a day after the national election, ministers agreed to increase minimum social wage by 1.1%.
On 18 December, Luxembourg’s parliament gave its green light to the increase of the minimum wage and of the social inclusion income (REVIS).
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