LBCI

Private Sector Wage Increases Approved: Impact on Minimum Wage and Pension Concerns

News Bulletin Reports

19-03-2024 | 11:57

Share

Share

Private Sector Wage Increases Approved: Impact on Minimum Wage and Pension Concerns

2^min

A report by Lea Fayad, English adaptation by Nadine Sassine

Finally, the private sector pay increases have been approved by the Indicator Committee at the Ministry of Labor.

The minimum wage will double from 9 million Lebanese pounds to 18 million Lebanese pounds.

Educational grants will also increase from 6 million to 12 million for children in private schools and from 2 million to 4 million for students in public schools.

However, if you already receive 18 million Lebanese pounds, which is now the minimum wage, or if you earn more, what happens to your pension?

The Indicator Committee has decided to leave it up to agreement between the employer and the employee, considering that not all institutions can afford higher costs in this situation. So, whatever amount each company can afford beyond 18 million, they will pay.

But when will these increases take effect? The new salaries are supposed to be declared by the employers to the National Social Security Fund and will be included in end-of-service compensations.
Will they adhere to this?

In any case, the Indicator Committee has promised to correct wages after the end of the war in Gaza and the resumption of the economic cycle.

News Bulletin Reports

Private Sector

Lebanon

Salaries

Next

From South Lebanon to Bekaa: Israel’s plan to reconfigure border security

Recommended For You

Digital vision vs. daily outages: Inside Lebanon's first AI summit

News Bulletin Reports

13:10

Digital vision vs. daily outages: Inside Lebanon's first AI summit

Ballots in limbo: Lebanon’s draft law opens overseas voting, but will parliament approve it?

News Bulletin Reports

13:00

Ballots in limbo: Lebanon’s draft law opens overseas voting, but will parliament approve it?

Weapons control plan: Lebanese Army reports progress in disarmament despite Israeli attacks

News Bulletin Reports

12:52

Weapons control plan: Lebanese Army reports progress in disarmament despite Israeli attacks

No negotiations under fire: Egyptian peace effort stalls as Hezbollah reaffirms commitment to ceasefire

News Bulletin Reports

12:50

No negotiations under fire: Egyptian peace effort stalls as Hezbollah reaffirms commitment to ceasefire

Subscribe to our VOD

SUBSCRIBE

Our visitors readings

Ali Larijani praises Hezbollah stance, urges Lebanese leaders to work together

2025-09-27

Ali Larijani praises Hezbollah stance, urges Lebanese leaders to work together

The weapons question: Will Friday's Cabinet session ignite Lebanon's streets?

News Bulletin Reports

2025-09-04

The weapons question: Will Friday's Cabinet session ignite Lebanon's streets?

Lebanon's PM Salam meets US General on ceasefire monitoring mechanism

2025-10-23

Lebanon's PM Salam meets US General on ceasefire monitoring mechanism

Army Commander meets head of ceasefire monitoring committee on farewell visit

2025-10-06

Army Commander meets head of ceasefire monitoring committee on farewell visit

Videos

Meet Miss Lebanon 2025 contestants: Video

2025-10-04

Meet Miss Lebanon 2025 contestants: Video

Series of Israeli airstrikes spark massive fire in southern Lebanon

2025-10-02

Series of Israeli airstrikes spark massive fire in southern Lebanon

Lunar eclipse captivates Lebanon: watch the stunning video

2025-09-07

Lunar eclipse captivates Lebanon: watch the stunning video

Most read

24 hours

7 days

Month

Next steps on Lebanon: Israel divided over expanding strikes to Beirut amid rising Hezbollah threat

1

Next steps on Lebanon: Israel divided over expanding strikes to Beirut amid rising Hezbollah threat

Lebanon’s state control of arms and war decisions top priorities, says PM Salam

2

Lebanon’s state control of arms and war decisions top priorities, says PM Salam

Israeli warplanes spotted over Hermel, border areas

3

Israeli warplanes spotted over Hermel, border areas

President Aoun urges World Bank to support Lebanon amid ongoing Israeli violations

4

President Aoun urges World Bank to support Lebanon amid ongoing Israeli violations

No negotiations under fire: Egyptian peace effort stalls as Hezbollah reaffirms commitment to ceasefire

5

No negotiations under fire: Egyptian peace effort stalls as Hezbollah reaffirms commitment to ceasefire

Sources to LBCI: One killed, one injured in armed clash near Shatila camp

6

Sources to LBCI: One killed, one injured in armed clash near Shatila camp

Weapons control plan: Lebanese Army reports progress in disarmament despite Israeli attacks

7

Weapons control plan: Lebanese Army reports progress in disarmament despite Israeli attacks

Lebanese Finance Minister Yassine Jaber: Key projects remain stalled in Parliament

8

Lebanese Finance Minister Yassine Jaber: Key projects remain stalled in Parliament

Download now the LBCI mobile app

To see the latest news, the latest daily programs in Lebanon and the world

Google Play

App Store

Download now the LBCI mobile app

We use
cookies

We use cookies to make
your experience on this
website better.

Accept

Learn More