Wage Indexation 1st April 2022

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ELVINGER HOSS PRUSSEN, société anonyme

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Independent in structure and spirit, Elvinger Hoss Prussen guides clients on their most critical Luxembourg legal matters. Committed to excellence and creativity in legal practice, our firm delivers the best possible advice for businesses, institutions and entrepreneurs, playing a unique role in the development of Luxembourg as a financial centre.
On Wednesday 30 March 2022, the National Institute of Statistics and Economic Studies ("STATEC") confirmed that the triggering threshold of 2.5% for automatic wage indexation has been exceeded.
Luxembourg Employment and HR

On Wednesday 30 March 2022, the National Institute of Statistics and Economic Studies ("STATEC") confirmed that the triggering threshold of 2.5% for automatic wage indexation has been exceeded.

Subject to final confirmation and the detailed results of the national consumer price index to be published on 8 April 2022 following the monthly meeting of the Index Commission, the new index rate of 877.01 points will be effective as of 1 April 2022 (former index rate: 855.62).

Consequently, a 2.5% increase in the salaries, wages and pensions will apply in Luxembourg as of 1 April 2022.

The gross monthly minimum statutory wage will hence be increased by 2.5% so to be fixed at EUR 2,313.37 for non-qualified employees and to EUR 2,776.06 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.

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