What will happen with health and pension payments after the suspension of the minimum wage increase?
The State Council suspended Decree 1469 of 2025 this Friday, which set a 23% increase in the legal minimum wage for 2026. This decision...
TL;DR
- The State Council suspended Decree 1469 of 2025, which set a 23% increase for the 2026 minimum wage.
- This suspension raises questions about social security payments (health and pension).
- Payments already made based on the suspended decree do not need to be refunded or adjusted.
- The current minimum wage of $1,750,905 remains in effect until a new transitional decree is issued by the government.
- Social security contributions for the current month are based on the January minimum wage.
- Future contributions will be calculated based on the new transitional minimum wage once it is decreed.