Cola Increase 2024 Malta Maharashtra

Cola Increase 2024 Malta Maharashtra. Until 2027, minimum wage will increase to between €12 and €18 per week, in addition to the statutory cost of living adjustment (cola). The 2024 budget foresaw a cola increase in salaries of €12.81 a week, a high amount that reflects the present steep increase in the cost of living.

Cola (cost of living increase) is set to increase to €12.81 per week (€9.90 last year) for all employees, pensioners and people receiving social benefits; Those with salaries exceeding €198.73 but not reaching €200.73 per week will receive the difference, coupled with the cola applicable for 2024.