Resetting The Minimum Monthly Income

Original Language Title: REAJUSTA MONTO DEL INGRESO MINIMO MENSUAL

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"Article 1.-rise, effective July 1, 2007, from $135,000 to $144,000 the monthly minimum income for workers over 18 years of age and up to 65 years of age."

If the percent change of the gross domestic product (GDP) accumulated between the fourth quarter of 2006 and the third quarter of 2007 compared to GDP accumulated between the fourth quarter of 2005 and the third quarter of 2006 is higher than 5.8%, the amount of the monthly minimum income established in the previous paragraph will rise, from January 1, 2008 , to $145,000.

For the previous calculation, the figures of GDP at constant prices on a quarterly basis informed on national accounts of the Central Bank of Chile, expressed in Argentine pesos of the year 2003 will be considered.

Soar, from July 1, 2007, the amount of the monthly minimum income for workers over 65 years of age and for workers under 18 years of age, $101.491 to $107.509.

Soar, from July 1, 2007, the amount of the minimum monthly income that is used for purposes not pursued, from $87.697 to $92.897.