Chile to Increase Minimum Wage in 4 Stages, Starting July 1

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By Jared Mondschein

June 24—The monthly minimum wage in Chile is to increase to 257,500 pesos ($382) from 250,000 pesos ($371) beginning July 1, 2016, and then increase in three additional stages over 18 months to be 276,000 pesos ($409) by Jan. 1, 2018, according to a Chilean government proposal approved June 23.

Following the July 1, 2016, increase to 257,500 pesos, the monthly minimum wage in Chile will increase to:

• 264,000 pesos ($391) effective Jan. 1, 2017;

• 270,000 pesos ($400) effective July 1, 2017; and

• 276,000 pesos ($409) effective Jan. 1, 2018.

To contact the reporter on this story: Jared Mondschein at jmondschein@bna.com.

To contact the editor responsible for this story: Michael Baer at mbaer@bna.com .

For More Information

The approved minimum wage bill, Bulletin 10766-05, is available in Spanish at http://www.senado.cl/appsenado/templates/tramitacion/index.php?boletin_ini=10766-05.

More information on payroll issues in Chile can be found in the Chile country primer.

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