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With effect from 1 February 2023, the index applicable to employee wages increases from 877.01 to 898.93, resulting in a 2.5% increase in gross salary paid to individuals with employment contracts...
With effect from 1 February 2023, the index applicable to
employee wages increases from 877.01 to 898.93, resulting in a 2.5%
increase in gross salary paid to individuals with employment
contracts subject to Luxembourg law.
Wage indexation is an automatic mechanism to adjust salaries in
line with evolving living costs, as determined by
STATEC1. Salaries are automatically raised when the cost
of living increases by at least 2.5%. The aim of this measure is to
compensate for loss of purchasing power due to inflation by
increasing salaries accordingly.
The final detailed results of the national consumer price index
for January 2023 will be published on 10 February 2023.
From 1 February 2023, the gross minimum social wage is therefore
increased by 2.5% as follows2:
Footnotes
1 National Institute of Statistics and Economic
Studies of the Grand Duchy of Luxembourg (Institut national de la
statistique et des études Économiques du
Grand-Duché de Luxembourg).
2 The amounts are indicative and subject to
confirmation by the authorities.
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.
