8th Pay Commission: There is big news for central government employees and pensioners. After the formation of the 8th Pay Commission, they are expected to get a salary hike of up to 52%.
8th Pay Commission: There is big news for central government employees and pensioners. After the formation of the 8th Pay Commission, they are expected to get a salary hike of up to 52%. This can be a positive development for employees and pensioners who have been demanding a salary hike for a long time.
Formation of 8th Pay Commission
A new Pay Commission is constituted every ten years and now the time for the formation of the 8th Pay Commission is close. According to the information, the government may announce the formation of the 8th Pay Commission in the 2025 budget.
Significant increase in minimum salary
With the implementation of the 8th Pay Commission, both the minimum and maximum salaries of government employees can see a significant increase. The minimum salary can increase from ₹ 18,000 to ₹ 34,560 which will be an increase of about 52%.
Pensioners will also benefit
Pensioners will also benefit from the implementation of the 8th Pay Commission. Under the new pay structure, the existing minimum pension can increase from ₹ 9,000 to ₹ 17,280. Apart from this, there is also a possibility of increase in the fitment factor, which can lead to a further increase of 15-20% in the salary of the employees including allowances.
Joint Consultative Body meeting to be held in November
A meeting of the Joint Consultative Body is likely to be held in November to discuss the 8th Pay Commission. In this meeting, the service conditions of the employees will be considered and the trade unions will put forward their demands.
