Minimum wage will increase to €10.10 from February 1, 2020, it has been announced.

Minister Regina Doherty TD said the decision was made due to a strong growth in earnings across the economy over the past year, and more clarity over Brexit.

The new rate was set after a recommendation from the independent Low Pay Commission, made up of experts from industry, workers and academia.

The PRSI threshold will also increase to €395 as a result of this change, to ensure employers don’t attract a higher PRSI charge.

Minister Doherty said: “I am pleased to announce that the increase in the minimum wage to €10.10 will now come into effect in February.

“The minimum wage is one of a number of important measures designed to support working families, especially those on lower incomes, and shows the Government’s commitment to supporting low paid workers.

“With this most recent increase in the National Minimum Wage, an employee on minimum wage who works a full 39-hour week will now receive an additional €11.70 per week, or an extra €608.40 gross per year.

“In fact, since 2016, a minimum wage employee working a 39-hour week has received a gross pay increase of €2,331.

“Since 2015, we have increased the minimum wage by 13.2% – ahead of the rate of inflation – thereby ensuring real increases in the earnings of the lower paid.

“All types of work should pay well and it is my determination that a job should really lift people out of poverty. The ongoing increases in the minimum wage help to ensure that happens.”

SOURCE: https://www.irishmirror.ie/news/irish-news/minimum-wage-ireland-increase-february-21128748

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