After DA, DR, and the Modi government set to surprise crores of employees. And this surprise is regarding 8th Pay commission. Before the end of 2024, so much speculation has started about the 8th pay commission. Crores of central government employees are waiting for the implementation of the 8th Pay Commission.
8th Pay Commission
Before the year 2025, the discussion of the 8th Pay Commission has intensified. It is believed that a meeting of the joint consultative body is likely to be held in November, in which the service conditions of the employees will be considered and the trade unions will put forth demands in their favor. If the recommendations of the 8th Pay Commission are implemented, then the minimum salary can reach 34 thousand and pension 17 thousand.
Usually, the central government constitutes a new pay commission every 10 years to revise the salary of government employees. The 7th Pay Commission was constituted in February 2014, but its recommendations were implemented from 1 January 2016, which is going to end on 31 December 2025. On this basis, the 8th Pay Commission is to be implemented in January 2026, so speculations are being made that the Central Government may take a decision regarding it in Budget 2025. However, no official statement has been revealed in this regard yet.
Salary-Pension will increase
In the new Pay Commission, the salary and pension of government employees are revised according to different economic parameters, especially inflation. So far, the Central Government has been constituting a new Pay Commission every 10 years, according to which the next Pay Commission is to be implemented in 2026. If the recommendations of the 8th Pay Commission are implemented from 2026, the minimum salary of central employees can be increased from ₹18,000 to around ₹34,560, and the same pensioner can have a minimum pension of ₹17,280. The increase in the fitment factor can also lead to a further increase of 15-20% in the salary of employees, including allowances.
What will be the impact on the fitment factor?
The special thing is that after the implementation of the 8th Pay Commission, the minimum salary of central employees can be increased from ₹ 18,000 to about ₹ 34,560, and the minimum pension for pensioners can also be increased to ₹ 17,280.
The fitment factor will also increase from 2.57 to 3.68. This can lead to a potential increase in the salary of the employees from ₹20,000 to ₹25,000.
At present, the fitment factor is 2.57 times, and the basic salary is Rs 18000. It is believed that the fitment factor is increased from 2.57 percent to 3.00, or 3.68 percent.
Earlier, the last time the Central Government had increased the fitment factor was in 2016, and from this year on, the 7th pay commission was also implemented. This will benefit about 48.62 lakh employees and 67.85 lakh pensioners.