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Minimum Wage In Russia Will Rise By 20.9%
April 5, 2016 10:29


The government has passed a law according to which the minimum wage will rise by 20.9% starting from the 1st of July. It will become 7.5 thousand rubles. This is stated in a government report.

The cabinet of ministers have calculated that this will increase the SMIC and the living wage of a working-age population from 53.5% to 64.7%. The living wage today is 8192 rubles. The amendments were made by the officials Olga Batalina, Vladimir Vasilyev, Andrey Isaev, Sergey Neverov and senators Galina Karelova and Valery Ryazanskiy.

It was first mentioned by Dmitri Medvedev at the end of March during “Edinaya Rossiya” forum in St. Petersburg. In the forum he said that starting from the 1st of January 2016 the SMIC was increased by 4% and is now 6204 rubles. He has also mentioned that the budget does have the money to further increase this figure.

The offer to increase this figure starting from the 1st of January 2016 was first made in May 2015. It was then explained with a difficult economic situation in the country. SMIC is mostly used today to define the amount of temporary disability allowances, as well as taxes, fees, fines and other payments. 


Author: Anna Dorozhkina


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