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The minimum wage in Russia will increase from 2020 year

The minimum wage in Russia will increase from 2020 year
Photo: pixabay.com

The State Duma adopted in the second reading a bill to increase the minimum wage (minimum wage) in Russia. Starting from 2020, it will grow by 850 rubles.

Under the bill, the minimum wage from January 1 of 2020 of the year will amount to 12 130 rubles per month and will be equal to the cost of living for the second quarter of this year. In relation to the size established since January 1 of 2019 of the year, the minimum wage increase will amount to 7,5%.

The bill also provides that the annual minimum wage can be set equal to not only the cost of living for the second quarter of the previous year, but can also exceed this value. Such a norm is provided for by the Labor Code.