Smic, Livret A, health restrictions … Here is everything that changes on August 1st

Smic, Livret A, health restrictions ... Here is everything that changes on August 1st

Minimum wage, Livret A, health restrictions … Several changes are taking place on Monday 1 August. CNEWS details the main ones.

The revalued minimum wage

Faced with rising prices, the minimum wage increased by 2.01% on 1 August. It will therefore go from € 1,302.64 net to € 1,329 net per month, for a full-time job. The minimum hourly wage, meanwhile, goes from € 8.58 to € 8.76.

This reassessment is automatic. The Labor Code in fact provides for an increase in the minimum wage when the consumer price index increases by at least 2% compared to the index observed at the time of determining the last amount, as is currently the case. This is the fourth revaluation of the Smic in less than a year, the last one dated May 1st.

The Livret A rate at 2%

On 1 August, the Livret A rate doubled to 2%, the highest rate in almost ten years. Livret A had already been revised in February, from 0.5% to 1%.

This revision brings in its wake that of the People’s Savings Book (LEP), which evolves from 2.2% to 4.6%. The latter is reserved for people whose income does not exceed a certain ceiling.

End of emergency measures against covid-19

From 1 August a new health law comes into force. The government will no longer have the right to restrict travel or to introduce a health subscription without the consent of Parliament. The exceptional measures against Covid-19 have ended. The Scientific Council is also dissolved. It could, in the future, be replaced by a new advisory group.

The index point for civil servants revalued

Good news for civil servants: the index point increased by 3.5%. This revaluation will be applied retrospectively, as of 1 July, and the interested parties will therefore only see the changes in the paycheck starting from this month of August.

The index point is used to calculate the salary of civil servants and civil servants. This is its biggest increase since 1985.

Increased social benefits

Parliament approved the 4% increase in various social benefits. Affected: Activity Bonus, Family Allowances, Active Solidarity Income (RSA) or Disabled Adult Allowance (AAH). As regards the index point, these revaluations will apply retroactively.

The extended fuel discount

The discount of 18 cents per liter of petrol is finally maintained in August. Applied automatically in service stations, it will also increase in September, reaching 30 cents per liter. From 1 November it will drop to 10 cents. This discount was voted to contain the surge in prices at the pump.

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