8th Pay Commission: Central government has approved the 8th Pay Commission. This commission will revise the salary and pension of central employees and pensioners. Once approved by the cabinet, it is likely to come into effect next year. Currently, the employees in the country are based on the recommendations of the 7th Pay Commission for the pay structure.
8th Pay Commission: Recently, the central government approved the 8th Pay Commission. The commission is supposed to provide a salary and pension revision to central employees and pensioners. Post the cabinet approval, it is likely to be effective from next year. Currently, the country has a pay structure derived from the recommendations of the 7th Pay Commission. The Seventh Pay Commission has been effective form 2016. We talk about how much salary will be under the 8th Pay Commission from peons to clerks.
What Is The Fitment Factor?
The fitment factor is the multiplier that will apply to the existing basic pay so that the new salary can be computed. For the 7th pay Commission, this was 2.57-again, making it that salary of level 1 employees having a basic pay of Rs 7,000 went up to Rs 18,000. Right now, however, that figure grows close to Rs 36,020 when the minimum basic salary stands at Rs 18,000 a month including all allowances.
Salary Will Be Increased On The Basis Of Fitment Factor
Salaries of employees are decided based on fitment factors. The fitment factor for providing salaries has been discussed under the 8th Pay Commission. The National Council of Joint Consultative Machinery (NC-JCM) and the employees’ association proposed a fitment factor of 2.86 at least.
What Is The Increase In Salary For Central Employees?
If the fitment factor is kept at 2.08, the minimum basic salary of central employees can increase from Rs. 18,000 to Rs. 37,440. At the same time, the pension can be increased from Rs. 9,000 to Rs. 18,720. But if the fitment factor stands increased to 2.86, the salary increase may stand at 186% with the possibility of a minimum salary increase to Rs. 51,480 and pension increase to Rs. 25,740.
When Will The 8th Pay Commission Come Into Being?
Let it however be said here that the Seventh Pay Commission constituted in 2014 after reports in November 2015 came into existence in 2016. From then on, the government has announced the setting up of the Eighth Pay Commission in 2025-that is, the Eighth Pay Commission may now come into force by January 2026.
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