8th Pay Commission: More than 1 crore central government employees and pensioners are waiting for the announcement of the 8th Pay Commission. Understand here how much the salary of employees can increase after the government’s announcement?
8th Pay Commission: Central employees may get a big good news on the new year. This good news will be about the 8th Pay Commission. Discussions have started about the announcement soon. It is being said that after the announcement, the minimum salary of central employees is likely to increase by 186 percent. However, no official announcement has been made about this yet. It is being said that the government can announce it in the upcoming Union Budget.
How much can the salary increase?
According to media reports, the government will be recommended to increase the salary by 2.86 times under the new pay commission. This increase will be based on the fitment factor of 2.86, which is proposed by the National Council of Joint Consultative Machinery (NC-JCM). The salary of government employees and the pension of retired employees are made through the fitment factor.
Under the Seventh Pay Commission, the central government used a fitment factor of 2.57. Due to which the minimum salary increased from Rs 7,000 to Rs 18,000. Similarly, with the implementation of every new pay commission, there are some changes in salary and pension.
Currently, central employees are being given salary on the basis of 2.57 fitment factor. If it is increased to 2.86, then there can be a big increase in the basic salary of the employees. Suppose if the minimum basic salary is Rs 18,000 right now, then after the fitment factor 2.86, it will increase to Rs 51,480.
#Cabinet approves 3% increase in DA/DR for Central Government employees and pensioners
An amount of ₹9,448 crore will be added to the pay cheque of all central government employees annually
This calculation is based on the increase in the 12-month average of the All India… pic.twitter.com/NXcekVais3
— PIB India (@PIB_India) October 16, 2024
Will there be a change in pension?
With the increase in the fitment factor, the pension will also increase. For example, the minimum pension is currently Rs 9,000, if the fitment factor is made 2.86, then it is likely to increase to Rs 25,740. Let us tell you that this Diwali, the central government gave a big gift to crores of employees.
The government increased DA by 3 percent. After which the dearness allowance increased from 50 percent to 53 percent. Apart from the increase in DA, it was also announced to give arrears of July, August and September months.
