Table of contents:
- What provisions justify higher remuneration in January and February 2024?
- When does the salary remain at the current level?
On February 1, 2024, the Act on Special Solutions for the Implementation of the 2024 Budget Act was published in the Journal of Laws.
According to Article 1 of the aforementioned Act:
During the period from the entry into force of this provision until December 31, 2024, the basis for calculating the remuneration referred to in Article 1(3)(11) of the Act of June 9, 2016, on the principles of determining the remuneration of persons managing certain companies (Journal of Laws of 2020, item 1907), shall be the average monthly remuneration in the enterprise sector excluding profit-sharing bonuses in the fourth quarter of 2016.
According to Article 42 of the Act:
The Act enters into force on the day of its announcement, with effect from January 1, 2024, except for Article 1 and Article 2, which enter into force on the first day of the month following the month of announcement.
As a result of the above, members of management boards and supervisory boards, in accordance with the appropriate provisions of resolutions on remuneration principles and management agreements, will receive significantly higher remuneration in January and February 2024 compared to 2023. This is because the average monthly remuneration in the enterprise sector excluding profit-sharing bonuses in the fourth quarter of 2023 was 7,767.61 PLN, while in 2016 it was 4,403.78 PLN, resulting in a difference of 3,363.83 PLN.
What provisions justify higher remuneration in January and February 2024?
If the contract concluded with a member of the management board of a municipal company specifies that they are entitled to remuneration corresponding to the appropriate multiple of the basis for calculation in the form of the average monthly remuneration in the enterprise sector excluding profit-sharing bonuses in the fourth quarter of the previous year published by the President of the Central Statistical Office (GUS), then the remuneration should be paid in that amount (therefore, in 2024, considering the average remuneration from 2023), unless otherwise specified in the contract.
When does the salary remain at the current level?
In cases where the remuneration is a fixed amount calculated based on the basis for calculation from 2016.
It should be noted that each case should be considered individually. Internal regulations are important, particularly the provisions of resolutions on remuneration principles for members of management boards and supervisory boards, as well as provisions of management contracts for board members.
