Cola Increase 2024 Malta Gujarat
Cola Increase 2024 Malta Gujarat. Cola (cost of living increase) is set to increase to €12.81 per week (€9.90 last year) for all employees, pensioners and people receiving social benefits; Workers in the public sector will see their salaries increase by an additional €6.41 a week next year after the government reached an agreement with malta’s leading.
These measures include a €12.81 per week cost of living adjustment (cola), an increase in the income tax exemption threshold to cover 60% of pension income,. In 2023 and 2024 it results that the additional cola is €2.91 per week more than the result of the cola mechanism.