Mar 18 • 12:58 UTC 🇱🇹 Lithuania Lrytas

I. Ruginienė promises to support any minimum wage proposed by the Tripartite Council

Lithuania's Prime Minister Ingrida Šimonytė supports whatever minimum wage agreement the Tripartite Council agrees upon.

Lithuanian Prime Minister Ingrida Šimonytė expressed her support for any minimum wage decision that the Tripartite Council reaches, emphasizing the importance of this historic agreement between employers and employees. This discussion comes as the council deliberates on changing the formula for calculating the minimum wage, which has been in place since 2017, based on 50% of the average wage. The Tripartite Council has begun discussions on whether to modify the existing formula used to calculate the minimum wage. Currently, the formula calculates the minimum wage based on the average salary from the previous year, excluding bonuses and additional payments, while also considering projections for the current year and the upcoming year’s average salary. Prime Minister Šimonytė backs the longstanding formula, which has stipulations that the minimum wage and the average wage ratio should remain between 45% and 50%, aligning with the averages of EU member states over the past three years. This potential adjustment of the minimum wage is significant not only for workers but also for the broader Lithuanian economy, as it reflects the government's commitment to enhance employment standards and ensure fair compensation. The discussions within the Tripartite Council signify an essential step towards achieving a more equitable wage structure in Lithuania.

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