Earnings to rise in Luxembourg from January 1, 2017

earnings

The next indexation of salaries and pensions is expected from January 1, 2017, Luxembourg’s Economy Minister announced on Thursday.

Indexation is a mechanism which enables earnings in Luxembourg to keep in line with inflation. Each time it is triggered, wages and pensions rise by 2.5%.

The last time earnings were indexed was in October 2013. The next long-awaited indexation has been shelved several times this year.

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