8th Pay Commission: If the government approves a fitment factor of 2.86, the minimum pay of government employees will increase by 186 percent to Rs. 51,480, which will be Rs. 18,000 as compared to the payment of Rs.
8th Pay Commission: Even as central government employees await the official announcement of the 8th Pay Commission, reports suggest that central government employees are expected to see a hike of 186 percent in their minimum pay.
Employees currently get a minimum basic pay of Rs 18,000 per month under the 7th Pay Commission, which was increased from Rs 7,000 in the 6th Pay Commission.
Minimum Pay, Pension under 8th Pay Commission
National Council of Joint Consultative Machinery (JCM) secretary (staff side) Shiv Gopal Mishra has said that he expects a fitment factor of at least 2.86. It is 29 basis points (bps) higher than the fitment factor of 2.57 under the 7th Pay Commission.If the government allows a fitment factor of 2.86, the minimum pay of government employees will increase by 186 percent to Rs. 51,480, which will be Rs. 18,000 as against a salary of Rs. Financial Express report
Any further increase in fitment factor will lead to corresponding increase in pay.
Increase in fitment factor increases both pension and wages of employees.
Under the 8th Pay Commission, the pension also increased by 186 percent to Rs. 25,740, which is expected to be Rs. 9,000 is. If the current passes the expected fitment factor of 2.86 then this calculation is considered correct.
8th Pay Commission: When will it happen?
Although there is no official announcement regarding the expected date of formation of the new pay commission, media reports suggest that it may be announced in the next budget 2025-26. However, demands were also made in the last budget 2024-25 in which employee unions approached the Cabinet Secretary and the Finance Ministry with their demands.
The National Council of Joint Consultative Machinery (NC-JCM), the apex body representing employee grievances, also submitted a memorandum in July 2024, requesting immediate action to set up a commission. Another appeal was made in August 2024.
7th Pay Commission: When was it constituted?
The 7th Pay Commission, which led to a significant hike in the salaries of government employees, was constituted in February 2014. Its recommendations were implemented from January 1, 2016. The main recommendations include minimum basic pay of Rs. 7,000 to Rs. 18,000 includes doing; revising pay structure, allowances and pensions; Introduction of health insurance scheme for employees and pensioners; and amending the pension formulation for those who retired before January 1, 2016.
Generally, a pay commission is constituted every 10 years, although there is no statutory provision for it. It is a practice.
At present, there are more than 1 crore employees and pensioners of the Central Government.