Agreement on minimum wage in the Republic of Tatarstan signed

On August 13, the Federation of Labour Unions of the Republic of Tatarstan, Coordination Council of Employers’ Associations of the Republic of Tatarstan and Cabinet of Ministers signed agreement on minimum wage in the Republic of Tatarstan.
The document was signed by Prime Minister Ildar Khalikov, Chairman of the Federation of Labour Unions Tatyana Vodopyanova, and Chairman of Coordination Council of Employers’ Associations of the Republic of Tatarstan Aleksandr Lavrentiev. 
In accordance with the agreement the minimum wage will make 6, 420 roubles per month (including compensation and incentive payments). This wage rate is most closely approximated to the minimum living wage for working-age population.
The increase of minimum wage is an important step to boost living standards of the population, Ildar Khalikov said. 
Aleksandr Lavrentiev noted that when the agreement is signed, wages higher than national average will be fixed at non-budgetary economic sectors (minimum wage fixed by the Federal Law “On minimum rate of labour payment” makes 5,554 roubles per month).