Nicaragua Minimum Wages from March 1, 2013 to February 28, 2014
In Nicaragua, according to the provisions of Article 4 of the Minimum Wage Act, Act 625, published in the Official Gazette, No. 120 of June 26, 2007, was called to the National Minimum Wage for approval of the new minimum wages governing the various sectors from 1 March 2013 to 28 February 2014. In accordance with what was agreed at the meeting of March 7, 2013, the National Minimum Wage Commission, provides: Article 2. - The new minimum wages come into effect from March 1 of the year two thousand and thirteen until February 28 of the year two thousand and fourteen, which are detailed as follows:
|Nicaragua: Monthly Minimum Wages from March 1, 2013 to February 28, 2014
|Effective March 1, 2013||Effective September 1, 2013|
|Sector of Activity||Increase
|Agricultural (*)||6.5%||C$ 2,421.60||6%||C$ 2,566.89|
|Fishing||6%||C$ 3,717,18||6%||C$ 3,940.21|
|Mines and Quarries||6%||C$ 4,390,49||6%||C$ 4,653.92|
|Manufacturing||6%||C$ 3,287.10||6%||C$ 3,484.33|
|Industries subject to tax (**)||10%||C$ 3,708.00||0%||C$ 3,708.00|
|Electricity and water; Trade, Restaurants and Hotels, Transport, Storage and Communications||6%||C$ 4,483.98||6%||C$ 4,753.02|
|Construction, financial institutions and insurance||6%||C$ 5,470.89||6%||C$ 5,799.15|
|Com Services. Social and Personal||6%||C$ 3,427.14||6%||C$ 3,632.77|
|Central Government and Municipal||6%||C$ 3,048.61||6%||C$ 3,231.53|
(*) Salary plus food
(**) Effective as of January 2013
Article 3. -
The new minimum wage will be applied to pensions and retirement are considered in the Social Security Act.
Article 4. -
In cases where the salary is stipulated on the basis of production or performance standards, measurement units shall be maintained free from deterioration, thus should be enhanced as part each operation or effect of the increase in the minimum wage.
Article 5. -
Apply from February 16th day of two thousand and thirteen an adjustment of 5% wage sector of micro and small cottage industry and national tourism. And as of August 16 of this year, an adjustment of 5% until February 15, two thousand fourteen generations; wages being the following: C $ 2719.58 $ 2855.56 and C respectively.
Article 6. -
Wage agreement is ratified for industries zone in readjusting the minimum wage by 10% by 2013, with effect from the first of January this year.
Article 7. -
It calls to the National Minimum Wage for August 15 of this year, in order to ratify the agreement here, if the behavior of economic variables that have been the basis of this agreement, remain within expectations.The Commission will be called upon during the second week of January 2014 to discuss wages in 2014.
WageIndicator Team has checked and updated this page on June 17, 2013