New amendments to the Labor Code aim to protect citizens' incomes from devaluation due to inflation. Organizations must now ensure that payments increase in accordance with changes in the cost of goods and services.
How indexation will work
According to the document, the mechanism for recalculating wages will not be uniform for everyone. Each organization must independently establish its specific indexation procedure. This can be done through:
- collective bargaining agreements
- agreements
- local organizational acts
Effective dates
The law will take effect ten days after its official publication.
