Livret A, revaluation of the minimum wage … What are the changes on August 1, 2022

The interest rate of Livret A will pass 2% on August 1. Philippe Devanne / stock.adobe.com

In August, a series of measures aimed at combating inflation became effective, such as an increase in the minimum wage.

Salary rate for booklet A of 2%, minimum salary of 1,329 euros net per month or even at the end of the state of health emergency: this is the change from August 1.

The minimum wage goes to 1329 euros net per month

A new automatic revaluation of Smic of 2.01% will take place from August 1st. Therefore the net hourly minimum wage will increase from 8.58 euros to 8.76 euros and for a full-time worker, the net monthly minimum wage will increase from 1302.64 euros to 1329.06 euros. This is the fourth revaluation of the minimum wage in less than a year, the last date being May 1, 2022.

Booklet A rose to the highest level since 2011

The interest rate of Livret A will pass to 2% on August 1, according to the recommendations of the Governor of the Banque de France. The passbook rate has reached its highest level since 2011: it used to be 2.5% before falling to reach a historically low rate of 0.5% between 2019 and 2021. This new rate will not, however, pay the inflation, measured by INSEE at 5.8% over a year in France in June.

The popular savings account rate (LEP) ranges from 2.2% to 4.6%. In addition, a new campaign in the general direction of public finances will be launched soon to inform directly by email the French who can benefit from opening a popular savings account, announcing the government site.

+3.5% of the pay slip of civil servants

The salary of 5.7 million civil servants increased by 3.5% on July 1, according to announcements by the Ministry of Transformation and the Civil Service. This index point increase is reflected in the payslip for the month of August while retroactive to the month that just ended.

Effective revaluation of the social minimum

The National Assembly voted a few days ago for the revaluation of many social benefits to 4% on July 1, here also, retroactively, during the examination of the first reading of the bill on purchasing power. . A change that must be confirmed by Parliament. Retirement pensions should also be increased by the same amount, this change was voted by the representatives. This measure allows a pensioner receiving a pension of 1200 euros per month to earn “about 45 euros per month if we consider the inflation of 4%“Said Olivier Dussopt on RTL at the end of May.

Payment of back-to-school allowance

Like every year, the back-to-school allowance will be paid in the second half of August. This year, the amount of the aid is 376.98 euros for children between 6 and 10 years old, 397.78 euros for children between 11 and 14 years old and 411.56 euros for children between 15 and 18 years old.

Fuels: discount extension from 15 to 18 cents per liter

A decree published in the Official Journal on July 24 extended until August 31, 2022 the discount of 15 to 18 cents per liter on the price of gasoline. Introduced on April 1, 2022, it aims to curb the impact of rising fuel prices at the pump. With VAT, this reduction reaches 18 cents in mainland France, or 9 euros for a full 50 liters. This reduction applies to all fuels, for individuals and professionals.

End of the state of health emergency and dissolution of the Scientific Council

In addition, August 2022 marks the end of the state of health emergency, as confirmed by the Parliament a few days ago. The health pass will therefore disappear, like other extraordinary measures introduced during the fight against covid-19. The Scientific Council also bowed. Created in mid-March 2020 at the beginning of the epidemic, it will organize, in two years, almost 300 meetings and issue more than 80 opinions.

The Scientific Council issued a final opinion published on July 19 in which it made recommendations and hypotheses on possible future scenarios. It encourages continued screening and a vaccination policy through reminders. After this dissolution, acommittee for monitoring and predicting health risks“, must continue.


SEE ALSO – The Governor of the Banque de France announced a new increase in the Livret A rate on August 1

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