The minimum wage will be raised to the subsistence minimum in may 2018

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Russian President Vladimir Putin said that the minimum wage (SMIC) will be increased to 100% of the subsistence minimum on 1 may 2018, according to TASS. Previously scheduled phased increase in the minimum wage and equate it with the minimum subsistence level Ministry of labour were collected from 1 January 2019.

“We have the opportunity from may 1 this year to equalize the minimum wage and a living wage, we’ll do it,” – said Vladimir Putin. According to him, the increase in the minimum wage will affect about 4 million people. He also stressed that the minimum wage will be constantly indexed and will not fall below the subsistence level.

As the press service of the Ministry of labor, from may 1, 2018, the minimum wage is equal to 11 163 rubles. “A bill to raise may 1, 2018 the minimum wage to a living wage of able-bodied population will be prepared in the near future”, – promised the Minister of labour and social protection of Russia Maxim Topilin, – “from may 1 this year, the employer cannot pay the employee quota during the monthly work time, wages below 11 163 rubles.”

We have previously reported that from 1 January 2018, the minimum wage increased to 9489 rubles. The promise to raise the minimum wage the President of Russia Vladimir Putin gave in September 2017. He stressed that people can’t get paid less than minimum wage.

We will remind, the living wage is the cost of the minimum set of food products, nonfood goods and services, to ensure the normal functioning of the human body and meet his or her basic social and cultural needs. The minimum wage is a statutory minimum wage, which is determined by the amount of patches before deduction of income tax on individuals.

The minimum subsistence level defined for able-bodied population, children and pensioners. From the level of the minimum wage depends not only wages but also benefits for temporary disability, pregnancy and maternity, allowances for the care of disabled children, scholarships and unemployment benefits.

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