The government has today announced a 10 cent increase on the national minimum wage from 1st January 2021.
The new rate will go up to €10.20 per hour, with over 122,000 workers in Ireland set to benefit.
Minister for Social Protection, Heather Humphreys T.D. said regulations will come into effect to ensure that the increase in the minimum wage does not result in employers having to pay a higher level of PRSI charge. The Minister is set to make new regulations that will increase the employer PRSI threshold from €395 currently to €398 from 1st January 2021.
Minister Humphreys added: “The Low Pay Commission plays an important role in improving data collection on low paid and minimum wage workers and developing a strong research base on issues surrounding the minimum wage. I would like to thank the membership of the Commission for their work this year, as well as the work it has carried out since its foundation.”