Compulsory salary increase as of 1 October
As of 1 October 2013, the index applicable to employees’ remuneration will increase from 756.27 to 775.17. This raise implies a mandatory salary increase of 2.5 per cent in gross salaries paid under Luxembourg employment contracts.
The salary index is a mechanism for the automatic adaptation of salaries linked to the cost-of-living index as determined by the National Institute for Statistics and Economic Studies (STATEC). Salaries are hence subject to an automatic increase by operation of law every time the cost-of-living index increases by more than 2.5 per cent.
The aim of this mechanism is to compensate employees’ losses in purchasing power due to inflation by granting a revenue increase…
If you are registered and logged in to the site, click on the link below to read the rest of the Arendt & Medernach briefing. If not, please register or sign in with your details below.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from Arendt & Medernach
Briefings from Arendt & Medernach
They must now inform the regulator about new funds they take on.
Tax crimes included as predicate offences; rethinking of the risk-based approach; and other changes.