8th Pay Commission Update: The eighth pay commission may come in the country in the next five months. If the government gives the green signal, the minimum basic salary will increase from Rs 18,000 to Rs 34,560. Apart from this, the minimum basic pension given to pensioners will also increase. Also, the entire salary and pension structure will also change.
8th Pay Commission Update: The eighth pay commission may come in the country in the next five months. If the government gives the green signal, the minimum basic salary will increase from Rs 18,000 to Rs 34,560. Apart from this, the minimum basic pension given to pensioners will also increase. Also, the entire salary and pension structure will also change. There is a relief news for central employees and pensioners that they have been given a 3% increase in dearness allowance (DA) for the period of July-December. After this, DA has increased to 53%. This increase is effective from July 1, 2024, which means employees and pensioners will get three months’ arrears along with the October salary. This is being seen as a big relief before Diwali. However, now the hope
Will the 8th Pay Commission be announced in Budget 2025?
Now the question arises whether the central government will announce the establishment of the 8th Pay Commission? Crores of government employees and pensioners want to know the answer to this question. In the last few decades, the government has been implementing a new pay commission every 10 years. So this time too its expectations have increased.
It is expected that the government may announce the 8th Pay Commission in the upcoming Budget 2025. A union leader said that if the government announces this during the budget, it may take some time to implement it. Last time the 7th Pay Commission took more than 18 months to prepare the report and it was implemented from January 2016.
How did the 7th Pay Commission change the salary and pension?
Employees and pensioners are eager to know what changes the 8th Pay Commission will bring in their salary and pension. During the last 6th to 7th Pay Commission, the employee unions had demanded a fitment factor of 3.68, but the government fixed it at 2.57. This fitment factor is an important standard for calculating salary and pension.
The minimum basic pay was increased from ₹ 7,000 to ₹ 18,000 with a fitment factor of 2.57. Similarly, the minimum pension increased from ₹ 3,500 to ₹ 9,000. The maximum salary was fixed at ₹ 2,50,000 and the maximum pension at ₹ 1,25,000.
The minimum basic salary will increase by this much from the 8th Pay Commission
According to reports, discussions are going on about the fitment factor this time too. Last time a factor of 3.68 was demanded, but the government implemented it at 2.57. Now there is a possibility that the fitment factor in the 8th Pay Commission may be 1.92. If the factor of 1.92 is decided, then the current minimum wage may increase from ₹ 18,000 to around ₹ 34,560. Similarly, the minimum pension may also increase to around ₹ 17,280.
Expectations from Budget 2025
Overall, there are high expectations among employees and pensioners regarding the announcement of the 8th Pay Commission. If its establishment is announced during Budget 2025, it will be a big relief for the financial future of government employees.
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