Guaranteed minimum wage for organizations of non-budgetary sector of economy starting with 1 January 2018 constitutes 10 126 rubles per month

18 January 2018, Minimum Wage Agreement has been signed today by three parties – the Goevrnment of the Republic of Tatarstan acting through the Prime Minister of the Republic of Tatarstan Alexey Pesoshin, Federation of Trade Unions of the Republic of Tatarstan acting through its Chairman Tayana Vodopyanova, and Association of Employers of the Republic of Tatarstan represented by its Chairman Alexander Lavrentyev.

In accordance with the Agreement, the total monthly wage of one employee may not be lower than the guaranteed minimum wage in real sector, established by the Government after consultation with the social partners. Starting from 1 January 2018, minimum wage for organizations of non-budgetary sector of economy will constitute 10 126 rubles per month that equal 70% of minimum consumer budget set in Tatarstan in III quarter of 2017.