The national minimum wage will be increased from $5,000 to $5,600 per 40-hour work week, as of Monday, January 6, 2014. Also, effective January 6, the minimum wage for industrial security guards, will be increased from $7,320.40 to $8,198.80 per 40-hour work week. Labour and Social Security Minister, Derrick Kellier made the announcement on Tuesday in a statement to the House of Representatives. He said the adjustments constitute a 12 per cent increase in respect of both the national minimum wage and the minimum wage for industrial security guards from the previous rates established in 2012. The National Minimum Wage (Amendment) Order and the Minimum Wage (Industrial Security Guards) (Amendment) Order were approved to effect the changes. Providing a breakdown of the new rates for industrial security guards, the minister announced that their laundry allowance will be increased from $33.30 to $37.30 per hour; firearm allowance will be raised to $41 per hour, up from $36.60; and dog handler's allowance will be increased from $24.63 to $27.58 per hour. The cost of insurance coverage to employers payable on account of security guards who are killed or injured in the line of duty, remains at $2 million.