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Minimum wage increases to Sk7,600 as of October

THE MONTHLY minimum wage will increase from the current Sk6,900 to Sk7,600 as of
October 1, the cabinet agreed on September 28.

Originally, the Labour Ministry proposed that the minimum wage be raised to Sk7,500, but the government gave in to the lobbying of the KOZ labour union confederation, which demanded a hike to Sk7,600.

Because the minimum wage also serves as a basis for the calculation of contributions to social insurance funds, the minimum payments to social security provider Sociálna Poisťovňa will also rise from October to Sk2,520 per month, up from the current Sk2,288, the SITA news agency wrote.

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