It has been confirmed that from August 1st, 2018, wages, salaries and pensions are increased by 2,5%.

According to the provisional result published by STATEC, the annual inflation rate of the national consumer price index (CPI) is 1.5% for the month of July.

The new index of 814.40 points (formerly 794.54 points) comes into effect on 1 August 2018, resulting in a 2.5% increase in wages, salaries and pensions.

Please find hereafter the new social parameters valid as of August 1, 2018.

  1. Social Minimum Wage (SMW)

  2. Remuneration paid to students occupied during school vacation

  3. Social security – Contribution limits

  4. Social security contribution

    (*) Employer’s mutuality

 

Please do not hesitate to contact us if you want to have more information on this.

Fisogest S.A. publishes this article for informational purposes only, and cannot be held responsible for errors or omissions.