Current wage packages issued again before 1st of December (7-3)
I believe the answer is:
present-day
'current' is the definition.
(I've seen this before)
'wage packages issued again before 1st of december' is the wordplay.
'wage' becomes 'pay' (synonyms).
'packages' means one lot of letters goes inside another.
'issued again' becomes 're-sent' (sent again).
'before' says to put letters next to each other.
'1st of december' becomes 'd' (1st letter of 'december').
'resent'+'d'='resentd'
'pay' placed around 'resentd' is 'PRESENT-DAY'.
(Other definitions for present-day that I've seen before include "Current time" , "Contemporary" .)