Central government employees are eagerly waiting for the formation of the 8th Pay Commission. Central employees and pensioners, who have been demanding a salary hike for a long time, may soon get great news as the 8th Pay Commission is going to be formed soon. The government constitutes a new pay commission every 10 years, and now the time has come to constitute the 8th pay commission. Currently, the minimum salary for government employees is ₹18,000.
Anticipated changes in the salary structure
This figure could reach ₹34,560 after the new commission is implemented, showing an increase of 52%. The fitment factor will also increase under the 8th Pay Commission. If there is a 3 increase in fitment factor, it can lead to a 15-20% increase in the salaries of all employees, including allowances. Pensioners are also going to benefit from these updates. The move is aimed at providing a more sustainable financial future for retirees.
Salary will increase
According to recent information, a meeting is expected to be held in November by the joint advisory body to discuss the 8th Pay Commission. The meeting will discuss the service conditions of the employees, and the trade unions will present their demands for the Pay Commission.
The 8th Pay Commission is expected to be announced early next year, possibly in the Union Budget of 2025. According to a union leader, this could be the “opportune time” as the last time the 7th Pay Commission took 18 months to finalise its report, which was implemented from January 2016. The upcoming Pay Commission is likely to revise the salaries and pensions of government employees and pensioners, taking into account inflation and other economic factors. In India, central government employees get their salaries as per the structure of the Pay Commission. To begin with, the 7th Central Pay Commission (CPC) was set up by the Government of India on 28th February 2014.
