8th Pay Commission: Many news are coming out regarding the 8th Pay Commission. Employee unions said that the government can bring another new scheme for revision of salary and pension. On the other hand, there is a discussion on how much salary will increase after the implementation of the 8th Pay Commission.
8th Pay Commission: Good news may come soon for the employees, as there is a possibility of a big increase in the basic salary. According to the information, discussions have intensified regarding the increase in the basic salary of more than 1 crore employees. Reports of an increase of up to Rs 34000 are coming from many places. This decision can be taken under the amendment in the minimum wage under the 8th Pay Commission of the government. This will also increase the gross salary and provident fund (PF) of the employees. If it is implemented, it will be a big relief for the employees in this era of inflation.
When will the 8th Pay Commission be formed?
According to reports, the basic salary of central employees and pensioners is likely to increase from Rs 18 thousand to Rs 34000 after the implementation of the 8th Pay Commission. There is a possibility of an increase of up to 186 percent. According to media reports, the government is said to recommend a 2.86 times salary increase under the new pay commission. Which will be based on the fitment factor of 2.86. Let us tell you that this is proposed by the National Council of Joint Consultative Machinery (NC-JCM). The salary of government employees and pension of retired employees are made through the fitment factor.
Under the 7th Pay Commission, a fitment factor of 2.57 was used. Due to which the minimum salary increased from Rs 7000 to Rs 18000. If we talk about the present, central employees get salary according to the fitment factor of 2.57. If it increases to 2.86, then there will be a big increase in the basic salary of the employees. For example, if the current minimum basic salary is Rs 18000, then after the fitment factor of 2.86, it can increase to Rs 51480.
As everyone knows that the central government constitutes a new pay commission in 10 years. Talking about the 7th Pay Commission, it was constituted in 2014, whose recommendations were implemented from January 2016. In view of this, the 8th Pay Commission can be constituted in 2025. At the same time, its recommendations can be implemented from 2026. It is being said that an announcement related to this can be made on the new year. However, no official information has been revealed yet.
Does the government have any new plan?
An NDTV report came out regarding this, in which it was said that the Finance Ministry made it clear in Parliament that the formation of the 8th Pay Commission is not being considered at present. Since then, there is speculation whether the government is considering bringing a new scheme in place of the formation of a pay commission to revise the salaries of its employees. Employee union leaders said that there is a possibility that the government may bring a new scheme to increase the basic salary of central government employees and the pension of retired employees. Employee unions are now hopeful that a meeting regarding this can be held in December.
