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The increase of € 20 in the minimum wage and reducing the single social tax (TSU) of workers covered by it have two consequences for Social Security. On the one hand, the social protection system becomes more fit € 336 000 each month. On the other hand, due to the decrease in TSU from 23.75% to 23%, the monthly Social Security abdicate € 1.3 million.
<- end st_tag_p ->Let’s go back. The increase of € 20 euros means that for each employee currently covered by the minimum wage, a company will pay more than it paid € 20.96. This figure includes the increase now announced (€ 20) and € 0.96 difference between what the employer paid the TSU and what will go to pay (23.75% of € 485 gave € 115.19, 23% gives € 505 € 116.15). But if the TSU had not gone down, the additional amount payable would be € 24.75 (23.75% of € 505 would give € 119.94). With this decline in contributions to Social Security, employer safeguard almost € 4 per employee
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According to source from the Ministry of Social Security, there are 350 000 people covered by the minimum wage in the public and private sector. If each worker’s social protection system will receive € 0.96 more than it received before this increase, then fitting a month is € 336 000. If calculations extend to the end of the year, adding the four months (October-December, plus Christmas bonus), so are € 1.3 million to coffers of Social Security. The value reaches 4.7 million over one year (totaling 14 salaries).
<- end st_tag_p ->But, on the other hand, the decrease of 0.75 percentage points in the rate also means that Social Security will abdicate of € 1.3 million per month. Ie, this is the value that the drop rate is. By the end of 2014, will be € 5.3 million. For a year, adding 14 salaries are € 18.6 million.
<- end st_tag_p ->It should be emphasized, however, that the numbers of unions in the private sector indicate that there are about 500 thousand employees covered by the minimum wage, a number that differs from that which is now appointed by the Government. In this case, the bills are different. If you are concerned half a million employees, then the fit of Social Security will be € 480 000 per month, or € 6.7 million after 14 salaries. Instead, led by the decline of TSU, abdicate monthly € 1.9 million, representing € 27 million at the end of one year
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What about the € 20 arrive the worker
Crude, plus € 20 euros in salary of 350 000 people representing € 7 million per month. If we do the math for 500 000 workers – number appointed by unions – are more then € 10 million per month. Are still out of the public sector workers who, according to figures from the Union of Civil Servants (STAL), will be approximately 20 000.
However, if a salary of € 505 we take the value of contributions to Social Security (one 11% rate of pay for each employee), then the € 20 are reduced, in net terms, to € 17.80.
<- end st_tag_p ->In the case of the employer, if you have 100 workers receiving the minimum wage, then increased to € 505 means that the company will reach the end of October and will have to pay € 2,096 more than in September. If joining after October payment of November, December and the Christmas bonus of 100 workers will be more € 8,385 at the end of the year.
<- end st_tag_p ->Applied the same calculations at a smaller company, with 10 employees receiving the minimum wage, concludes If the increase will have a weight of around € 210 at the end of each month. In late 2014, the increase will represent € 839 and for the next full year will be over € 2,935
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