Labour Updates 17-2013

As in previous years, the 2014 General State Budget Law (Law 22/2013, of December 23, 2013 or the “Budget Law”) contains new labor and employment and social security legislation. The following pieces of legislation have also been published: Royal Decree 1046/2013, of December 27, 2013, setting the National Minimum Wage for 2014, Royal Decree 1045/2013, of December 27, 2013, on the revaluation of pensions in the social security system and other public welfare benefits for 2014 and Royal Decree 1043/2013, of December 27, 2013, on the revaluation of pensions and pension supplements for economically inactive persons in 2014. This newsletter summarizes the key elements introduced in the above pieces of legislation.

1. NEW LEGISLATION ON SOCIAL SECURITY CONTRIBUTIONS IN THE BUDGET LAW

2. OTHER BUDGET LAW PROVISIONS CALLING FOR COMMENT

3. NATIONAL MINIMUM WAGE FOR 2014