Minimum wage up to 1,079 euros with the three-year period – What allowances are increased and how much

The new one enters into force on 1 April 2024 and increases to EUR 830 from EUR 650, which was in 2019 and co-ordinates upwards three years and many , which are linked to it . According to the Ministry of Labour and Social Security, the decision to raise the minimum wage strengthens workers’ income, but without affecting the strengths of the economy and the competitiveness of businesses themselves. 13 categories of benefits are also well affected. By the end of the four-year period, the minimum wage is EUR 950 and the average salary is EUR 1,500 from EUR 1,251, which was in 2023. As Minister of Labour and Social Security, Domna Michailidou, stressed at yesterday’s (29.3.2024) press conference, the minimum wage is rising, because our economy allows it and why our produced national wealth must be distributed in terms of justice. It is also important that tourism workers will benefit, as the new minimum wage will be applied before the start of the tourist season and, in particular, from 1 April. The development of the minimum wage As mentioned yesterday at the press conference, the four increases in the minimum wage outweigh the increase in inflation. Specifically, as of 2019, the minimum wage has increased cumulatively by 27.7%, when cumulative inflation in 2019–2023 was 16.6%. Greece is now ranked 11th among the 22 EU Member States with a statutory minimum wage. In addition, on the basis of the labour ministry data, employees paid for the minimum wage are 559.274, i.e. 25,726 less than in 2022 and 85,726 less than 2021. Therefore, more citizens in recent years have received a salary higher than the minimum. In particular, from EUR 650, which was the minimum wage in 2019, increased to EUR 663 in January 2022, EUR 713 in May 2022, EUR 780 in April 2023 and EUR 830 in April 2024. Since 2019, the minimum wage, with 14 payments, has increased by 180 euros, i.e. an increase of 27.7%. On a 12-month basis, as Eurostat estimates, the minimum wage, with the new increase, is EUR 968,33. At the same time, the minimum wage is increased to 37.07 euros as of April 2024 from 29.04 euros, which was February 2019. The three years As the Ministry of Labour points out, significant benefits have also been paid by employees with a minimum wage, as greater increases arise by freezing the three-year period from 1 January 2024. With a three-year period (3-6 years), the minimum wage is increased to 913 euros on a 14-month basis and 1,065 euros on a 12-month basis. With two 3 years (6 – 9 years), the minimum wage is €996 on a 14-month basis and €1,162 on a 12-month basis. With three three-year (9+ years), the minimum wage is increased to 1,079 euros on a 14-month basis and 1,259 euros on a 12-month basis. Allowances are increased With the new increase in the minimum wage, unemployment benefit is increased. The regular unemployment allowance, equivalent to 55% of the minimum wage, is increased to EUR 509,71 per month, EUR 110 higher than in 2019. Furthermore, five grants and programmes which are positively affected by the increase in the minimum wage are the special provision of maternity benefits for employees and selfemployed persons from EUR 780 to EUR 830 for nine months, the special aid for vulnerable groups, which is paid once and amounts to EUR 764, the special seasonal aid for seasonal workers, the new jobs programmes, and the preparatory programmes. At the same time, 13 categories of benefits and programmes dependent on the minimum wage are the following: Regular unemployment subsidy. Benefits/benefits dependent on regular unemployment subsidy and on the wage of the unskilled worker (special aid for vulnerable groups, special seasonal assistance, work allowance). Non-employed persons’ benefits (unemployment benefit automatically and independently of e-EFKA employees, T.O.E., T.F.-SMEs, unemployment benefit automatically and regardless of e-EFFA employees, T.F.A. (TSMEDE, TSA, legal insurance). Other benefits dependent on the wage of the unskilled worker (specially maternity provision of employees, special maternity provision of non-employed persons, supplementary maternity provision, parental leave allowance, unpaid earnings, employer insolvency, availability). Compensation for students of vocational schools (EPA. S) Disciple. EKEK allowance for Thessaloniki Special Needs. IEK DYPA practice. Paying salaries to students-students-students who abstain from work for participation in the written examinations of the school attending (L. 1346/1983). Vocational experience programmes (pre-work). Work experience programs. Private enterprise grant scheme for student practice ATEI-ASPAFORTH. Public utility programmes. New job plans.