Everyone is waiting for the formation of the 8th Pay Commission. Following the hike in the dearness allowance for the July-December period, individuals are currently looking forward to the announcement of the 8th Pay Commission for central employees and pensioners. Given the tradition of introducing a new pay commission roughly every decade, it is anticipated that the center might soon reach a conclusion on this matter. Nevertheless, an official announcement has not been made so far.
When is the 8th Pay Commission expected to arrive?
It is anticipated that the declaration of the 8th Pay Commission could occur at the start of next year, likely within the 2025 central budget. A union leader stated that this might be the “right moment,” considering it took 18 months to complete the 7th Pay Commission report, which came into effect in January 2016. The forthcoming pay commission is expected to adjust the salaries and pensions of government workers and retirees, considering inflation and various economic elements.
What is the potential salary increase?
Should the 8th pay commission’s suggestions be applied, the lowest salary for central employees is anticipated to rise from Rs 18,000 to approximately Rs 34,560. This indicates that the lowest wage might rise by approximately 92%. Likewise, the lowest pension for retirees might increase to Ra 17,280.
Following this amendment, public servants and retirees could obtain considerable assistance due to inflation and various economic elements.
