Increase of Minimum Salary / Adjustment of Socialist Cestaticket
Presidential Decree No. 3.601 of August 31, 2018 was published in Official Gazette No. 6.403 Extraordinary of the same date. Through said Decree the mandatory minimum monthly salary was increased in all of the national territory. The increase entered into effect as from September 1, 2018 and the minimum salary as from said date is as follows:
a) Bs.S 1,800.00 per month for the workers of the private and public sectors, equivalent to the amount of Bs.F 180,000,000.00.
b) Bs.S 1,350.00 per month for adolescents and apprentices, equivalent to the amount of Bs.F 135.000.000,00.
Said Decree became effective on September 1, 2018.
Also, Presidential Decree No. 3.602 of August 31, 2018 was published in Official Gazette No. 6.403 Extraordinary of the same date. Said Decree fixes the amount of the monthly Socialist Cestaticket for the workers of the public and private sectors as from the aforesaid date as follows:
a) Bs.S 180.00 per month for workers of the private and public sectors, equivalent to Bs.F 18.000.000,00.
Said Decree became effective as from September 1, 2018.
“NOTE: THIS INFORMATION SHOULD NOT BE CONSTRUED AS LEGAL ADVICE ON ANY SPECIFIC MATTER AND ITS CONTENT ARE INTENDED AS A MANAGEMENT ALERT AS TO CURRENT DEVELOPMENTS IN VENEZUELA, ANY SPECIFIC LEGAL QUESTIONS REGARDING THE POSSIBLE APPLICATION OF NEW OR PROPOSED LEGISLATION TO PARTICULAR SITUATIONS SHOULD BE ADDRESSED TO TRAVIESO EVANS ARRIA RENGEL & PAZ.”