Luxembourg:
Wage Indexation 1 April 2023
21 April 2023
ELVINGER HOSS PRUSSEN, société anonyme
To print this article, all you need is to be registered or login on Mondaq.com.
On Saturday, 1 April 2023, a wage indexation of 2.5% will come
into effect increasing the index rate to 921.40 points (from the
former index rate: 898.93).
This wage indexation was initially triggered in June 2022, but
deferred to April 2023 in accordance with the Law of 29 June 2022
transposing certain measures provided by the tripartite agreement
signed on 31 March 2022 by and between the Government and the
social partners UEL, the LCGB and the CGFP.
Consequently, a 2.5% increase in salaries, wages and pensions
will apply in Luxembourg as of 1 April 2023 resulting in an
increase of the gross monthly minimum statutory wage to EUR
2,508.24 for non-qualified employees and to EUR 3,009.88 for
qualified employees.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
POPULAR ARTICLES ON: Employment and HR from Luxembourg
Increase Of The General Minimum Wage In Cyprus
George Z. Georgiou & Associates LLC
On 20 December 2023, the Council of Ministers issued a new ministerial decree regarding the minimum wage in Cyprus, which became effective on 1st January 2024,...
Labor Code And Remote Work In Bulgaria
Eurofast
Explore the remote work in Bulgaria, governed by the Labor Code's "Additional Conditions for Remote Work." Discover the benefits for both employers and employees, recent amendments enhancing flexibility, security.
Platform Work Directive
George Z. Georgiou & Associates LLC
Platform workers are already mentioned in some EU laws such as the transparent and predictable working conditions directive.