The ‘net’ sums after the minimum wage increase and how the Easter gift is affected.
Optimistically, the first month is coming, since, with the new increase in the minimum wage, it will give a little breath to more than half a million workers one step before the Easter holidays.
In particular, according to the government, the increase in the minimum wage is 9.4%, however, for most workers, the “net” increase is between 7.4% and 7.9%, while for the rest it is closer to 8, 6%.
Minimum wage increase: The “net” amounts
Minimum wage workers will, of course, also face increased income tax withholdings, as the tax rates have not been adjusted accordingly, and neither has the tax-free.
Thus, the amounts that the employees will receive are as follows:
Single without previous service: 666.85 euros (with one child: 669.21 euros, with 2 children: 671.81 euros, with three children: 671.81 euros)
Single with one three years until 2012: 727.99 euros (with one child: 727.13 euros, with 2 children: 733.56 euros, with three children: 739 euros)
Single with two three years until 2012: 777.18 euros (with one child: 779.53 euros, with 2 children: 785.96 euros, with three children: 801.68 euros)
Single for three years until 2012: 829.9 euros (with one child: 832.26 euros, with 2 children: 838.69 euros, with three children: 854.4 euros)
Married without previous service: 727.99 euros (with one child: 727.13 euros, with 2 children: 739 euros, with three children: 739 euros)
Married for three years until 2012: 782.42 euros (with one child: 784.77 euros, with 2 children: 791.2 euros, with three children: 806.92 euros)
Married with two three years until 2012: 840.65 euros (with one child: 843.01 euros, with 2 children: 849.44 euros, with three children: 865.15 euros)
Married for three years until 2012: 899.77 euros (with one child: 902.13 euros, with 2 children: 908.56 euros, with three children: 924.27 euros)From April 1st the minimum wage after the increase it will be 780 euros, an increase of 9.4%, which also drags up a series of allowances, such as Gifts.
With the increase in the minimum wage, a series of benefits and allowances are adjusted based on the minimum wage or daily wage.
These benefits include, among others, the unemployment benefit for the self-employed, the new job programs, the special end of unemployment benefit, the benefit due to suspension of work, special seasonal benefits for employees in the tourism and food industry, builders, forest workers, etc. etc., the special maternity allowance, the parental leave allowance, the unpaid wages due to the insolvency of the employer, the availability allowance, the compensation of the students in the Vocational Apprenticeship Schools of DYPA, the compensation for the work experience programs, etc.
What will happen to the Easter gift?
Until Holy Wednesday – which this year falls on April 12 – employers have time to pay the Easter Gift 2023 to all employees in the private sector.
The welcome change in the amount of the minimum wage this year will benefit approximately 600,000 workers who are paid the minimum wage, since on the one hand they will get more money and on the other hand they will have more Gift in the future. Specifically for Easter, the Gift will be 406.24 euros from 371.35 euros (in cases where the employee was paid 713 euros).
It is recalled that the Easter Gift is equal to half the monthly salary for employees and 15 days’ wages for those paid by the day. The time period for which the gift is calculated starts from January 1st to April 30th of each year.
