coefficient reevaluation 2017 maroc


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What is a correction coefficient?

For Eurozone countries the correction coefficient is therefore the average price ratio (or economic parity) expressed as a percentage. For the countries outside the euro zone, an exchange rate must be used to express the average price ratio (or economic parity) as a percentage in local currency.

How does a correction coefficient affect local purchasing power?

As the correction coefficient is defined as the economic parity divided by the remuneration exchange rate (multiplied by 100), if the local currency appreciates relative to euro, the correction coefficient will increase (other things being equal); thus local purchasing power will remain the same, as well as the salary in local currency.

How do correction coefficients differ from the basic salary grid?

Changes in correction coefficients must be distinguished from the updates of the basic salary grid which apply to all EU staff and embody the principle of ‘parallelism’ between the evolution of purchasing power of EU civil servants and national civil servants in the Member States.

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