The new law regarding the minimum wage increase, which permits base wages to rise by €100, came into effect on Wednesday 1 May.

The government is delivering on its election promise, with the €100 salary increase coming into effect on 1 May through the tax credits on the social minimum wage.

The boost, two thirds of which will be funded by the government, and one third by employers, will be rolled out to employees earning up to €3,000 gross per month.

Following the increase to the social minimum wage which took place on 1 January (around 20€ net of salary), the remainder will be paid at the end of July, retroactively up until the beginning of the year.

This means the increase will include the first six months of the year as well as July, and will be paid in one lump sum.

The bonus will be approximately €500, paid halfway through the summer.

Starting in August, the minimum wage increase will be effective in full each month.