VILNIUS– As of today, minimum monthly wage (MMW) is increased by 50 litas (14.48 euros) and reached 850 litas in total.
The Government confirmed this on the 20th of June. Also the minimum hourly wage of 5.15 litas was provisioned, writes LETA/LETA.
Along with the increasing MMW under the Government's decree the lowest official salary rates of all categories staff will also be changed.
Social Security and Labor Ministry report states that the increase of minimum monthly salary to 850 litas will affect more than 200,000 employees, including 38,000 employees of budgetary institutions.
Due to the raised MMW the compulsory health insurance contributions were also increased from 72litas to 77litas.
Statistics Lithuania reports that in October 2011, the number of employees who had earned a minimum monthly wage (MMW) accounted for 20.8 percent of employees.
Lithuanian Labor Code stipulates that the employee's hourly wage or monthly salary can not be lower than the provisioned minimum rates.