8th Pay Commission: According to Shiv Gopal Mishra, Secretary (Staff Side), National Council-Joint Consultative Machinery (NC-JCM), the fitment factor in the 8th Pay Commission should be at least 2.57.
8th Pay Commission: According to Shiv Gopal Mishra, Secretary (Staff Side), National Council-Joint Consultative Machinery (NC-JCM), the fitment factor in the 8th Pay Commission should be at least 2.57. It should be the same as the 7th Pay Commission or even higher. He emphasized that it should not be less than the limit fixed in the previous Pay Commission. Discussions on the salary hike of central government employees have intensified since the announcement of the 8th Pay Commission last month.
What is the detail
Speaking to NDTV Profit, Mishra reiterated, “I still believe that the fitment factor should be at least 2.57 or more.” This factor is essential in determining the base pay and pension revision. According to reports, if the 8th Pay Commission adopts a fitment factor of 2.57, central government employees can expect a salary hike of 157 per cent. In 2016, the 7th Pay Commission recommended a fitment factor of 2.57, which led to an increase in the minimum salary from Rs 7,000 to Rs 18,000. Let us tell you that the fitment factor is the multiple that decides how much the salary and pension will increase. It is calculated by dividing the current basic salary by the revised basic salary. It is the same for all central employees.
Salary can increase by this much
Analysts estimate that the new pay commission may consider a fitment factor between 1.92-2.86. Keeping these fitment factors in mind, the possible salary revision for central government employees and pensioners can be between 92-186%.
These are also important proposals –
- Salary structure review for employees of all categories including merger of pay scales.
- Fixation of a decent minimum wage based on the Aykroyd formula and the recommendations of the 15th Indian Labor Conference.
- Integrating DA with basic pay and pension for better financial security.
- Revising pension, gratuity and family pension benefits and restoring the defined pension scheme for employees recruited after 1 January 2004.
- Improving CGHS facilities for cashless and hassle-free medical services.
- Increasing children’s education allowance and hostel subsidy up to postgraduate level.
