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Greece: Employees in the private sector will see their wages increase from January 1, 2021

 

Employees in the private sector will see their wages increase from January 1, 2021 due to the 3% reduction in total contributions in combination with the abolition of the solidarity contribution. In cumulative salary compensation employee – employer, which starts from 20 euros per month for the minimum wage of 650 euros and reaches up to 60 euros per month for a gross salary of 2000 euros.From 112 euros to 322 euros, it is estimated that the salaries of employees in the private sector will increase.

According to dikaiologitika.gr, in particular employees earn:

  • 8 euros per month and 112 euros per year; for the minimum wage of 650 euros
  • 10 euros per month and 140 euros per year; for a gross salary of 800 euros
  • 12 euros per month and 168 euros per year; for gross salaries in the 1000 euros class
  • 14 euros per month and 196 euros per year; for gross salaries of 1200 euros
  • 18 euros per month and 252 euros per year; for gross salaries from 1500 euros
  • 23 euros per month and 322 euros per year; for gross salaries of 2000 euros

According to the report, the total premium is 0.16% and breaks down as follows:

– Employer’s contribution 0.06% in favor of the Special Account for Vocational Education and Training Programs (ELPEKE), in accordance with article 14 of Law 2224/1994 (A “122).

– Wage contribution (employee) of 0.10% in favor of the special joint unemployment account (EKLA), in accordance with article 15 of Law 2224/1994 (A ‘122).

Africans.gr

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