Senators approved the law on equating the minimum wage to a living wage since may
The Federation Council approved the law on raising the minimum wage (SMIC) to 100% of the subsistence minimum for more than six months earlier than planned: from may 1, 2018 instead of 1 January 2019.
Currently the minimum wage is 9 489 roubles, or 85% of the subsistence minimum for the II quarter of 2017, previously noted in a press-service of the Ministry of labor.
After the entry into force of the law on may 1 of this year the minimum wage is equal to 11 163 rubles, and the total increase in 2018 will account for 43%.
The state Duma adopted the presidential law in the third final reading on February 16.
January 10, Russian President Vladimir Putin said that the Russian economy allows to increase the level of the minimum wage to the subsistence level since may 1, 2018, that is, six months earlier than planned.