8th Pay Commission: Modi government has approved the formation of the 8th commission. The central government has announced the formation of the 8th Central Pay Commission. This commission will make recommendations for revision of salaries of government employees. This commission has to submit its report by 2026. Union Minister Ashwini Vaishnav said that the Prime Minister has approved the 8th Pay Commission
8th Pay Commission: Modi government has approved the formation of the 8th commission. The central government has announced the formation of the 8th Central Pay Commission. This commission will make recommendations for revision of salaries of government employees. This commission has to submit its report by 2026. Union Minister Ashwini Vaishnav said that the Prime Minister has approved the 8th Pay Commission. Soon the chairman of the commission and two members will be appointed under this. This step is necessary for the increase in the salary of central employees and pension of pensioners. A big increase in the minimum salary of employees is expected from this announcement. Know here what could be the new salary structure.
Employees’ salary will increase
Central employees currently get a minimum basic salary of Rs 18,000. With the introduction of the 8th Pay Commission, the minimum basic salary of employees can increase from Rs 18000 to Rs 51,480. The government has approved the introduction of the 8th Pay Commission. With the implementation of the 8th Pay Commission, the fitment factor used in calculating the salary will increase. If this happens, the salary will increase automatically. It is estimated that the government may increase the minimum salary and pension by 186 percent.
Currently the minimum basic salary is Rs 18,000
Currently, employees get a minimum basic salary of Rs 18,000 under the 7th Pay Commission. There was an increase of Rs 7,000 from the 6th Pay Commission to the 7th Pay Commission. Now, under the 7th Pay Commission to 8th Pay Commission, the minimum basic salary of Rs 18,000 can increase to Rs 51,480 after the fitment factor of 2.86. 1 crore employees and pensioners will benefit from this.
Pension of pensioners will increase by 186%
An increase of 186% is also possible in pension, which can increase from Rs 9,000 to Rs 25,740. The recommendations of the 7th Pay Commission were implemented from 2016. There were major changes in salary, pension and allowances. Now with the arrival of the 8th Pay Commission, the money of both employees and pensioners will increase.
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