The guarantee of employees’ purchasing power provided for in 1° of article L. 3231-2 is ensured by indexing the minimum growth wage to changes in the national consumer price index established as a reference by regulation.
When the national consumer price index reaches a level corresponding to an increase of at least 2% compared to the index recorded when the immediately preceding minimum growth wage was established, the minimum growth wage is increased in the same proportion from the first day of the month following publication of the index leading to this increase.
The participation of employees in the economic development of the nation provided for in 2° of article L. 3231-2 is ensured, independently of the application of article L. 3231-4, by setting the minimum growth wage each year with effect from 1st January.
The minimum growth wage rate is set by regulation following a procedure determined by decree.
In no case may the annual increase in the purchasing power of the minimum growth wage be less than half the increase in the purchasing power of average hourly wages recorded by the quarterly survey conducted by the Ministry of Labour. The reference index may be modified by regulation.
Successive annual increases in the minimum growth wage must aim to eliminate any lasting distortion between its increase and changes in general economic conditions and incomes.
During the course of the year, the minimum growth wage may be increased by regulation to a higher level than that resulting from the application of the provisions of article L. 3231-5.
Improvements in purchasing power that have occurred in application of article L. 3231-10 since 1st January of the previous year are taken into account when applying the rule set out in article L. 3231-8 when setting the minimum growth wage each year.
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
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