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Kyrgyzstan requires employers to adjust wages for inflation

Kyrgyzstan requires employers to adjust wages for inflation
Kyrgyz President Sadyr Japarov has signed amendments to the Labor Code requiring employers to index wages in response to rising consumer prices, Kaktus.media reports. The law will take effect ten days after its official publication.
The amendments aim to protect workers’ purchasing power by ensuring that wages are reviewed as the cost of living increases.
According to Fergana, public-sector organizations will implement wage indexation in accordance with procedures established by law. In the private sector, the terms, amounts and frequency of adjustments will be determined by collective agreements, employment contracts or internal regulations.
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