October 22, 2020

UGT and CCOO value the rise of SMI, but ask to undo the contribution bases

UGT and CCOO value the rise of SMI, but ask to undo the contribution bases



The UGT and CCOO unions value the Government's commitment to approve the increase of the Minimum Interprofessional Wage (SMI) to 900 euros on 21 December, although they have urged to complete this increase with a dismantling of the maximum contribution bases.

The two organizations have explained today in a statement that the highest wages only contribute to the Social Security up to 45,000 euros and from there they are exempt.

The unions have considered that the rise of the SMI is "justified", due to the persistence of the wage devaluation process that has to do with the legislation of the last labor reform of 2012.

For this reason, they have urged the Government to close an agreement to modify "in depth" the labor reform of 2012.

UGT and CCOO have informed that they will contribute in the near future the allegations to the draft of the SMI decree that the Government intends to approve before Christmas, and that they will include observations like that this measure is insufficient to reduce the deficit presented by Social Security, which Structurally it places around 1.5% of GDP.

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