Luxembourg: Wage indexation on 1st February 2023
The wage index has increased from 877.01 points to 898.93 points as of 1st February 2023, resulting in an increase in the minimum social wage and the adjustment of certain thresholds and ceilings provided for by law.
The new gross amounts (in euros) are as follows:
|As from 1st February 2023|
|Age||%||Gross hourly wage||Gross salary base index 100||Gross monthly salary|
|18 and over unqualified||100||14.1449||272.22||2,447.07|
|from 17 to 18||80||11.3161||217.78||1,957.65|
|from 15 to 17||75||10.6087||204.16||1,835.30|
|18 and over qualified||120||16.9739||326.66||2,936.48|
|As from 1st February 2023
|Minimum monthly starting wage required to apply a trial period of more than 6 months to 12 months||4,818.26|
|Minimum gross annual salary required at the time of the employee’s departure from the company to apply the non-competition clause||61,280.69|
|Monthly flat rate for the costs of teleworking in the banking sector||26.97|
The amount for the tax exemption limit for the settlement agreement indemnity, the voluntary indemnity in case of resignation or termination by mutual agreement, being calculated on 1st January of the concerned year, is still EUR 28,648.80 gross (index 877.01).
The next wage index increase (postponed of the increase of summer 2022) will happen on 1st April 2023.