COLA increased for 2024 in Malta

Updated at Jul 11, 2024 | by Admin

COLA has been increased in Malta to €12.81 per week in 2024 for full-time employees. While part-time employees will be paid COLA of €0.32 per hour according to the number of hours worked.

When is COLA paid

COLA bonus is added to the monthly salary of the eligible employees and is paid every month. The Government of Malta specifies the amount of COLA for every year in the budget. Then the employers have to pay this additional bonus. The workers can see a raise in their salaries.

Who is Eligible for COLA

Cost of living adjustment is a government bonus and every working person in Malta is eligible for it. Whether you are a full-time or a part-time employee, you can expect a COLA bonus to be added to your salary.