S.L. 431.4 Art. 5Objectives.

The objectives of the Commission shall be the following:

(a) to determine whether the minimum wage shall need reviewing;

(b) to ensure that minimum wages are set at adequate level;

(c) to define the national criteria constituents of the minimum wage;

(d) to take into consideration trends in the price level and increases in a number of selected collective agreements for employees on low level grades;

(e) to specifically ascertain that any change in the minimum wage is affordable in terms of sectoral vulnerabilities, competitiveness and productivity gains; and

(f) to ensure minimum wage adequacy and the timely and effective involvement of the social partners in the process of review and evaluation of the adequacy of the minimum wage.