8th Pay Commission: In line with the trend of introducing a new pay commission nearly every ten years, it appears that the Centre might undertake this action shortly. However, no official announcement has been made regarding this so far.
Basic salary from Rs 18,000 to approximately Rs 34,560
The announcement is expected to arrive early next year, as the new pay commission prepares to modify the salaries and pensions of government staff and retirees, considering inflation and various economic factors. According to reports, the implementation of the 8th Pay Commission’s recommendations could raise the minimum wage for central employees from Rs 18,000 to approximately Rs 34,560. This adjustment will alleviate the economic pressure on government workers and retirees, particularly in light of inflation and other financial aspects.
Central government employees are waiting for the news about 8th pay commission
Central government employees are keenly anticipating news regarding the Eighth Pay Commission. Currently, the foundational salary is established, and pay raises are contingent on the fitment factor. Nonetheless, it seems that this is about to change. This revised formula will also lead to a significant increase in pay. Let’s explore this new formula here. Nine years have passed since the implementation of the 7th Pay Commission. In this situation, it is believed that there might be some support for the employees from the federal government.
The Government may consider a new formula
Certain media sources indicate that the government may be considering the adoption of the Aykryod Formula. This new formula is expected to significantly benefit workers. Justice Mathur highlighted the importance of updating the pay structure, recommending that a new formula might take the place of the pay commission.