News
Latest News
news bulletin
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Other News
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Beirut
15
o
Mount Lebanon
16
o
Metn
16
o
Keserwan
17
o
North
16
o
South
16
o
Bekaa
11
o
Live
Video
Audio
Schedule
shows
العربية
watching now
Al Arbaji
SUBSCRIBE
Home
Notification
Live
Video
Audio
shows
Beirut
15
o
Mount Lebanon
16
o
Metn
16
o
Keserwan
17
o
North
16
o
South
16
o
Bekaa
11
o
News
Programs
The News
Breaking Headlines
Lebanon News
Press Highlights
World
Lebanon Economy
News Bulletin Reports
Variety
Middle East
Sports
Programs
Series
Talk Show
News Bulletin
Oldies
Variety
Comedy
Other
Sports
Documentaries
The Untold History
New Year Shows
Lebanon’s Centennial
Breaking News
Latest News
Highlighted News
Most Read
Videos
العربية
Watch the latest programs and the latest developments on your favorite screen
Shows
Join millions of followers
Who We Are
Contact Us
Advertise With Us
Careers
Channel frequencies
Privacy Policy
Terms and Conditions
Increase in wage and transport allowance approved for private sector
News Bulletin Reports
2023-01-13 | 08:33
High views
Share
Share
2
min
Increase in wage and transport allowance approved for private sector
As expected, the Index Committee, consisting of the Ministry of Labor, economic agencies, and the General Labor Union, approved raising the minimum wage in the private sector from LBP 2,600,000 to 4,500,000.
It also approved Increasing the value of the daily transport allowance from LBP 95,000 to LBP 125,000 and doubling family compensation three times from what it was, i.e., LBP 180,000 for the wife instead of 60,000, and LBP 100,000 for each child instead of 33,000.
In addition to doubling scholarships three times, i.e., LBP 3 million instead of one million annually for each student in public school or university, and LBP 6 million instead of two million pounds annually for each student in private school or university. Moreover, it approved the inclusion of scholarships for three children instead of two.
However, the end-of-service compensation, which value has eroded with the currency's deterioration, is another significant issue that affects employees in the private sector.
Therefore, to protect employees, the Index Committee agreed to ask the National Social Security Fund (NSSF) to mandate retirement pensions rather than end-of-service pay.
All of these increases require government decrees, which raises the question of whether or not they will be implemented in light of the current political controversy over the constitutionality of cabinet meetings.
Indeed, these raises have currently been approved for employees in the private sector. Still, Caretaker Labor Minister Moustafa Bayram emphasized that work is ongoing to extend these raises to those in the public sector as well.
The agreed increases are undoubtedly insufficient, especially given that the General Labor Union has proposed a minimum wage of LBP 20 million. Still, there are constraints on what can be done, and the economic situation prevents it.
However, experts believe this figure is a high ceiling and could result in the closure of many institutions. Thus, these increases represent a compromise.
Breaking Headlines
Lebanon News
News Bulletin Reports
Lebanon
Lebanese
Money
LBP
USD
Labor Minister
Employees
Private Sector
Salaries
NSSF
Next
Will a Cabinet session be held next week?
Ministry of Health launches new app to address drug price discrepancies
Previous
Related Articles
d-none hideMe
0
Lebanon Economy
2023-03-30
Lebanon agrees to raise minimum wage in private sector to LBP 9 million
Lebanon Economy
2023-03-30
Lebanon agrees to raise minimum wage in private sector to LBP 9 million
0
Lebanon Economy
2023-03-21
Lebanon's currency catastrophe: The 140,000 LBP to USD plunge
Lebanon Economy
2023-03-21
Lebanon's currency catastrophe: The 140,000 LBP to USD plunge
0
Lebanon News
2023-03-30
Public sector salaries will be withdrawn at a rate of LBP 60,000: LBCI sources
Lebanon News
2023-03-30
Public sector salaries will be withdrawn at a rate of LBP 60,000: LBCI sources
0
Lebanon News
2023-03-29
Corm calls on Ogero employees to suspend strike, affirming he has no power to increase salaries
Lebanon News
2023-03-29
Corm calls on Ogero employees to suspend strike, affirming he has no power to increase salaries
Recommended For You
d-none hideMe
0
News Bulletin Reports
10:19
Lebanon's path to reconciliation: Learning from apartheid and slavery
News Bulletin Reports
10:19
Lebanon's path to reconciliation: Learning from apartheid and slavery
0
News Bulletin Reports
10:10
Lebanon struggles to keep up with AI and internet advancements
News Bulletin Reports
10:10
Lebanon struggles to keep up with AI and internet advancements
0
News Bulletin Reports
09:53
The future of medicine: How artificial intelligence is transforming diagnosis and treatment
News Bulletin Reports
09:53
The future of medicine: How artificial intelligence is transforming diagnosis and treatment
0
Lebanon Economy
09:48
From US to Lebanon: Lessons learned from air traffic controllers' strike
Lebanon Economy
09:48
From US to Lebanon: Lessons learned from air traffic controllers' strike
Subscribe to our VOD
SUBSCRIBE
Our visitors readings
d-none hideMe
0
Lebanon Economy
09:48
From US to Lebanon: Lessons learned from air traffic controllers' strike
Lebanon Economy
09:48
From US to Lebanon: Lessons learned from air traffic controllers' strike
0
Variety
08:18
Lebanese woman climbs summit closest to the sun
Variety
08:18
Lebanese woman climbs summit closest to the sun
0
Lebanon News
2023-03-30
Lebanon cancels new airport terminal project after controversy
Lebanon News
2023-03-30
Lebanon cancels new airport terminal project after controversy
0
News Bulletin Reports
10:10
Lebanon struggles to keep up with AI and internet advancements
News Bulletin Reports
10:10
Lebanon struggles to keep up with AI and internet advancements
Videos
d-none hideMe
0
Variety
2023-03-16
BAM Leb mobile app launched to revolutionize Lebanon's tourism, culture experience
Variety
2023-03-16
BAM Leb mobile app launched to revolutionize Lebanon's tourism, culture experience
0
News Bulletin Reports
2023-02-02
US must think long before granting Lebanon Caesar Act waiver: Congressman
News Bulletin Reports
2023-02-02
US must think long before granting Lebanon Caesar Act waiver: Congressman
0
Lebanon News
2023-01-25
Beirut blast investigations: The latest
Lebanon News
2023-01-25
Beirut blast investigations: The latest
0
Lebanon News
2023-01-23
Here is what preliminary investigations reveal after grenade attack on LBCI
Lebanon News
2023-01-23
Here is what preliminary investigations reveal after grenade attack on LBCI
0
Lebanon News
2023-01-19
Khalaf, Saliba start open-ended stay inside parliament until president is elected
Lebanon News
2023-01-19
Khalaf, Saliba start open-ended stay inside parliament until president is elected
0
News Bulletin Reports
2022-12-23
Lebanon lacks leaders with geopolitical vision: Naufal Daou
News Bulletin Reports
2022-12-23
Lebanon lacks leaders with geopolitical vision: Naufal Daou
0
News Bulletin Reports
2022-12-07
FPM likely to ditch white ballots following disagreement with Hezbollah
News Bulletin Reports
2022-12-07
FPM likely to ditch white ballots following disagreement with Hezbollah
0
Lebanon News
2022-12-07
Bassil sparks debate on long-awaited decentralization reform
Lebanon News
2022-12-07
Bassil sparks debate on long-awaited decentralization reform
0
Lebanon Economy
2022-12-07
Israel has recruited hundreds of spies, making use of Lebanon's collapse
Lebanon Economy
2022-12-07
Israel has recruited hundreds of spies, making use of Lebanon's collapse
Most read
d-none hideMe
24 hours
7 days
Month
1
Lebanon News
11:34
Lebanon has no other option than IMF: US Assistant Secretary Leaf
Lebanon News
11:34
Lebanon has no other option than IMF: US Assistant Secretary Leaf
2
Lebanon News
05:46
Famine threatens thousands of prisoners in Lebanon: report
Lebanon News
05:46
Famine threatens thousands of prisoners in Lebanon: report
3
Lebanon News
06:14
MP Moneimneh to LBCI: We will reject any settlement that comes at expense of Lebanese
Lebanon News
06:14
MP Moneimneh to LBCI: We will reject any settlement that comes at expense of Lebanese
4
Lebanon Economy
05:36
Price of gasoline increases 15000 LBP
Lebanon Economy
05:36
Price of gasoline increases 15000 LBP
5
Variety
08:18
Lebanese woman climbs summit closest to the sun
Variety
08:18
Lebanese woman climbs summit closest to the sun
6
Middle East
05:26
Greek defense minister to visit earthquake-hit regions in Turkey
Middle East
05:26
Greek defense minister to visit earthquake-hit regions in Turkey
7
World
11:28
Tech Leaders sound alarm: AI development must be regulated now
World
11:28
Tech Leaders sound alarm: AI development must be regulated now
8
Lebanon News
06:12
Attieh to LBCI: Parliamentary committees are effective and active, cover gov's shortfall
Lebanon News
06:12
Attieh to LBCI: Parliamentary committees are effective and active, cover gov's shortfall
Download now the LBCI mobile app
To see the latest news, the latest daily programs in Lebanon and the world
Google Play
App Store