Cola Increase 2024 Malta. Wages will increase by a minimum of €12.81 a week to reflect the inflation rate over the past year, thanks to the standardized annual cost of living adjustment. In 2024, the cost of living adjustment (cola) will see an increase of €12.81 per week, benefiting a wide spectrum of the population.

With effect from 2024, the annual benefit paid to eligible parents who take care of their adult children suffering from a severe disability will increase by €487 to just below €5,000. How will the cola impact pensions in.