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Good news for employees and pensioners in the Grand Duchy: minimum wages and pensions will increase from 1 January.
Read: These things will change in Luxembourg in 2023
In accordance with the tripartite agreement and parliament approval, the Luxembourgish minimum wage will be raised as of 1 January 2023.
An increase of 3.2% will bring the minimum wage to:
- 2,387.40€ for the unskilled minimum social wage (+74.02€ per month)
- 2.864,88€ for the qualified minimum social wage (+88,83€)
- 1,909.92€ for young workers, aged 17 to 18
- 1,790.55€ for young workers, aged 15 to 17
According to Eurostat, this advance will consolidate Luxembourg's position as the country with the highest minimum wage in Europe, ahead of Belgium (€1,842.28) and Ireland (€1,774.50). Germany (€1,744 according to Eurostat) and France (€1,678.95, but soon €1,709) are further behind.
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And that's not all: pensions are also increasing by 2.2% on January 1st, as the Luxembourgish government announced in early December. Thus, someone receiving the minimum pension, which is currently €1,985.56 gross per month, the amount will rise to €2,029.24 as of tomorrow.
In addition, the index could fall at the beginning of 2023, which would mean a further increase in all wages, salaries, pensions and social minima by 2.5%. If not, the index will certainly fall on 1 April.
