Home » today » Business » Wages: How much are they rising in the public and private sectors – The minimum wage – 2024-09-21 21:38:49

Wages: How much are they rising in the public and private sectors – The minimum wage – 2024-09-21 21:38:49

Civil servants will also see salary increases from April 2025 as they are now linked to minimum wage increases.

As the Prime Minister from the TIF reiterated, the government’s goal is for the minimum wage, as well as the introductory wage in the State, to be at €950.

For this to happen, there must be an average annual increase in the salaries of the State, of the order of 3.9%-4%. This translates into approximately a 33 euro monthly increase.

The increase will not only concern the first levels in the State but will be horizontal.

How wages will shape up with a 4% increase

The new wages for new entrants, without a child

Mandatory 883 euros

Secondary 961 euros

Technological 1,140 euros

University 1,195 euros

Again, the salary of a civil servant in technological education who is in the 3rd level with 2 children will go from 1,337 euros to 1,370 euros.

In one year, civil servants will receive approximately €400 more, while in 2027, the annual benefit compared to today will be €1,200.

Of course, any increases will depend on the increase in the minimum wage. From the new year, the prescribed procedure will be followed to re-determine the minimum wage that will be effective from April 1st.

Again the government’s goal here is for the minimum wage to reach 950 euros by 2027. This means an annual increase of over 4% to reach the goal. So with this scenario we are talking about an annual average increase of close to 40 euros . This would mean that the minimum wage in April would be close to 870 euros.

Raises and minimum wage

Of course, everything will be judged by the position of the social partners during the dialogue on determining the minimum wage as well as by the recommendations of scientific bodies, such as the Bank of Greece, IOBE and KEPE.

Again under these scenarios the salary of the civil servant will be somewhat higher than that in the private sector. It should be noted, however, that in the State the salaries are twelve, while in the private sector they are fourteen.

Insurance contributions

Of course, employees in both the Public and Private sectors, before seeing an increase in their gross, will first see an increase in their net due to the reduction in insurance contributions.

From 1/1/2025, the insurance contributions of employees to the EFKA will be reduced by one (1) unit.

The reduction will be half a unit in employee contributions and half in employer contributions. In this way, the employees’ contributions to the EFKA will be 13.32% (from 13.87% now) and the employers’ 21.79% from 22.35% now while the total contributions will reach 35 .16% from 36.16%, today.

The measure is estimated to cost around 450 million euros in the budget.

Source: ot.gr

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