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By 2027-28, this number is estimated to have increased to 38.2m, meaning that 3.2m more people will be brought into income tax compared to what this total would have sat at with indexation and no tax threshold freezes.
Syxka-Peo union issued a statement welcoming the decree incorporating the indexation allowance into the minimum wages offered to hotel industry workers.
Source: https://cyprus-mail.com/2023/08/25/hotel-workers-union-demands-amendment-to-wage-decree/
The president pointed out that indexation of the large family benefit but not individual child benefits might be perceived as an injustice and require a more solid justification.
Source: https://news.err.ee/1609010864/liia-hanni-on-the-constitutionality-of-legislative-drafting
The top defense official also expostulated with the proposal on the indexation of pensions to 50 percent of adjustment in pay, from the previous 100 percent automatic indexation.
The top defense official also expostulated with the proposal on the indexation of pensions to 50 percent of adjustment in pay, from the previous 100 percent automatic indexation.
This year will see the largest indexation increase in decades, according to the National Union of Students (NUS).
University of Technology Sydney researcher Dr Helen Taylor said indexation increases seemed "fairly minor" in the grand scheme, but repayments had a real effect on those who were struggling.