The Government of the Slovak Republic has submitted to the September session of the National Council of the Slovak Republic a proposal amending Act No. 663/2007 Coll. on the Minimum Wage, as amended, and amending and supplementing certain acts (the “Amendment“).

According to the proponent, the aim of the Amendment is to transpose and implement Directive (EU) 2022/2041 of the European Parliament and of the Council of 19 October 2022 on adequate minimum wages in the European Union.

In particular, the Amendment reintroduces the previously-in-force automatic formula for calculating the monthly minimum wage, i.e. 60% of the average monthly wage, which was reduced by 3 percentage points (to 57%) during the pandemic.

According to the estimates of the Ministry of Labor, Social Affairs and Family of the Slovak Republic, the change should bring the minimum wage up to around EUR 920 in 2026 and EUR 969 in 2027.

The minimum wage is linked to allowances (extra payments) payable for work at night, during a weekend and public holiday. When the minimum wage is increased, these allowances are automatically increased as well. Employees are also expected to benefit from an increase in the value of meal vouchers.

If adopted, the Amendment should become effective on November 15, 2024. However, the vast majority of the provisions of the Amendment, including the change in the above-mentioned automatic formula, should become effective not earlier than as of January 1, 2025.