Friday, March 1, 2024

The reason why Galicians have seen their wages decrease

The January slope will worsen in 2024 and that is becauseSalaries will suffer a new cut in Galicia. The beginning of the year brought it a new rise of the Intergenerational Equity Mechanism (MEI), a measure of the Ministry of Inclusion, Social Security and Migrations that seeks strengthening the pension reserve.

This measure, adopted by Law 21/2021, begins to apply to the payrolls of workers throughout the country. on January 1, 2023a cut that will continue this year with a The 0.7% increase is applied based on common contingenciesalthough 0.58% will be assumed by companies, while the remaining 0.12% by workers.

But… Will this percentage continue to rise in other years? In fact, until 2029, when it stabilizes at 1.2% (1% corresponds to the company and 0.2% to the worker), according to publications. stock on The Spaniards. In this way, the same percentage will be maintained between 2030 and 2050, a time period in which The Government hopes to raise around 130,000 million euros.

However, it is worth remembering that workers who contribute only for temporary disability o contribution to unity, in addition to students who are new to the Ministry of Defense or participants in training programs and non-work practices, will not be included in the quote.

In short, the provision of the Reserve Fund “has its objective to create a cushion to deal with possible deviations of the pension expenditure path”, with an additional contribution in 2024 of 0.7 percentage points, distributed between the company and the worker.

World Nation News Desk
World Nation News Desk
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
Latest news
Related news