This increase is separate from the regular. The payment, which prime minister robert abela said will benefit 95,000 families in malta, will be issued in two payments, one this december and the second.
The expenditure on pensions will be rising by. Each year, an increase in the weekly salary of all employees is announced during the budget, referred to as the cost of living adjustment (cola) mechanism.
Each Year, During Malta's Budget Speech, The Government Announces A Minimum Increase In Salary.
The cost of living increase is obligatory.
In 2023 And 2024 It Results That The Additional Cola Is €2.91 Per Week More Than The Result Of The Cola Mechanism.
Learn how this financial provision helps families.
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Tax Credits Will Continue To.
The payment, which prime minister robert abela said will benefit 95,000 families in malta, will be issued in two payments, one this december and the second.
How Will The Cola Impact Pensions In.
During the unveiling of budget 2024, finance minister clyde caruana revealed that pensioners will be receiving another increase when it comes to cost of.