Most wages and social benefits will rise again in August. The Planning Bureau announced this today. The pivot index was exceeded earlier than expected. But when will wages rise in your sector? We have solved it.
When the prices of goods and services rise above a certain threshold (the so-called pivot index), most wages are automatically increased. This mechanism ensures that your purchasing power does not decrease despite sharply rising inflation and the associated rising cost of living.
According to the Federal Planning Office, the overshoot of the pivotal indicator this year will occur in July and December. One in July, a month earlier than expected. Also in March 2023, the pivot indicator will be surpassed again. The last pivot point crossed back to April. Before that, there were already overruns in December 2021 and February 2022. In other words, benefits and wages for government employees will increase five times in less than a year.
Social benefits increase by 2 percent each month after the overshoot. For civil servants, that’s also the next month at 2 percent.
Before Other wages What is stipulated in the collective labor agreement or the collective labor agreement regarding wage measures by sector should be examined. The collective labor agreement determines the time and extent of the indexing procedure. Wondering if your salary is going up? Check out Jobat’s wage indexing tool below.
A minority of Belgian employees receive no wage index at all: this is the case for employees in the liberal professions sector and employees of companies that do not have their own index system.
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