Since January 2025, formal workers in Peru have begun to receive the new Minimum vital remuneration (RMV) established in S/1,130, an increase of S/105 with respect to the previous amount. This adjustment aims to alleviate the economic difficulties of those who receive the lowest income, although it also implies changes in mandatory contributions and discounts, […]
Tag: Minimum Vital Remuneration
ONP affiliates pay a new minimum contribution in January 2025 for increased salary in Peru: how much is it?
The adjustment of the minimum vital remuneration (RMV) will generate an increase in the Monthly contributions that workers affiliated with the Office of Pension Standardization (ONP) allocate for retirement. In general, this increase will bring modifications to the contributions and bonuses that companies in the formal sector must pay to their collaborators. To date, the […]
Julio Velarde is not opposed to the increase in the minimum wage: “There should be clear criteria”
In a recent statement, Julio Velarde, president of the Central Reserve Bank of Peru (BCRP), was consulted about the increase in the minimum wage in Peru. Velarde highlighted the importance of establishing clear and objective criteria for any salary adjustment, moving away from political decisions. The debate over the increase of minimum wage has gained […]
Minimum wage in Peru: what factors should be considered for its increase?
The last increase in the minimum vital remuneration (RMV) occurred in May 2022, during the government of former president Pedro Castillo. In this period, the basic salary went from S/930 to S/1,025, suffering a slight increase of S/95 that remains to this day and has not been able to have a consensus formula in the […]
Congress: they seek to make the minimum pension equal to the RMV
Bill promotes the progressive adjustment of pensions, at most, in 3 years. Join the La República WhatsApp channel Price of the dollar in Peru today: what is the exchange rate for this Sunday, February 25? Banco de la Nación, March 2024: see the salary and pension payment schedule in the State Through bill No. 7103/2023-CR, […]
CGTP announces mobilization to increase the minimum wage: how much are the unions asking for?
During the last 20 years, the minimum living wage in our country has been increased 11 times by the governments in power. However, the amount of S/1,025 that workers receive has suffered a large devaluation and is not enough to cover the basic family basket, which today is subject to price variability in different items, […]
Salary increase: which State workers will receive a salary increase in 2024?
Near the end of the year, citizens still have doubts about whether an increase in the minimum living wage will be achieved. The Government has been speaking out on this issue and when it could happen. However, there are two sectors of state workers who will benefit from an increase in their salary before the […]
Increase in the minimum wage: what has the Government said and when would it be feasible to do it?
During her message to the Nation in July, President Dina Boluarte announced a possible increase in the minimum wage after an agreement with unions and business associations in the National Labor Council (CNT). However, now the panorama has changed since the head of the Ministry of Economy and Finance (MEF), Alex Contreras, confirmed that the […]
After almost four years, the minimum wage could be raised
2022 begins and part of the Government’s agenda for this year will be the discussion on the increase in the minimum vital remuneration (RMV), which currently amounts to S / 930 and has not had any variation since March 2018. That is to say, For almost four years, the minimum wage has been stagnant. Given […]
Increase in the minimum wage will be evaluated in mid-January
Between January 15 and 31, the discussion would begin on the possibility of an increase in the Minimum Living Remuneration (RMV), as announced by the head of the Ministry of Labor and Employment Promotion (MTPE), Betssy Chávez. This debate will take place within the framework of National Labor Council (CNT), in which the trade union […]