Another big news is waiting for lakhs of central govt employees. With the recent hike in Dearness Allowance for the July-December period, everyone is now buzzing about when the 8th Pay Commission will be announced. Following the trend of rolling out a new pay commission roughly every decade, it seems like the Centre might make a move on this soon. Still, there hasn’t been any official word yet.
When will the 8th pay commission be formed?
It’s believed that the announcement could come early next year, possibly during the Union Budget of 2025. A union leader mentioned that this could be a “good time,” especially since the last 7th Pay Commission took about 18 months to wrap up its report, which was put into action starting January 2016.
The new Pay Commission is set to adjust the salaries and pensions of government employees and pensioners, factoring in inflation and other economic conditions.
How much could salaries go up?
If the 8th Pay Commission’s recommendations are put into effect, the minimum salary for central employees might jump from Rs 18,000 to around Rs 34,560. That’s a potential increase of about 92%! Likewise, the minimum pension for retirees could rise to Rs 17,280.
This change could really ease the financial burden for government employees and pensioners, especially considering inflation and other economic factors.
