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Dec 30, 2020
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Putin approved the law on a new methodology for calculating the minimum wage

Russian President Vladimir Putin signed a federal law on a new method of calculating wages (minimum wages). The corresponding document is posted on the official Internet portal of legal information.


The new method for calculating the minimum wage and the subsistence level will be in effect from January 1, 2021. The federal minimum wage for the next year is set at 12,792 rubles. The minimum wage and the subsistence minimum will be set not on the basis of the consumer basket, but on the basis of the median income. Starting next year, the size of the minimum wage will amount to 42% of the median salary, which will be an increase of 5.5%, the subsistence minimum in Russia as a whole will be 11,653 rubles, an increase of 3.7%.

In addition, the law establishes the minimum wage in an amount not lower than the subsistence minimum of the working-age population in Russia as a whole for the next year and not lower than the minimum wage established in the current year, and also gives the subjects of the country the right to determine the size of the subsistence minimum, taking into account the natural and climatic characteristics of the area.

As chernayakobra.ru wrote, earlier the Russian leader said that the issue of changing the methodology for calculating the minimum wage and the living wage should be carefully discussed with experts and the public.

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