The central government has approved the formation of the 8th Pay Commission, after which questions have started arising among the central employees about the minimum basic salary. This question is especially about what will be the minimum basic salary of the employees after the implementation of the 8th Pay Commission? Along with this, the pension of retired employees can also increase. Let us know about this in detail.
How much will the minimum basic salary increase?
Experts say that the fitment factor in the 8th Pay Commission can be from 2.6 to 2.85, which can increase the minimum basic salary of the employees by 25-30%. Currently this salary is ₹ 18,000 per month, but if the fitment factor is kept at 2.85, then it can increase to ₹ 40,000 to ₹ 45,000 per month.
What is the fitment factor?
The fitment factor is a multiplication coefficient that is used in calculating the salary and pension of government employees. This factor is decided keeping in mind factors such as inflation, economic needs of employees and the financial condition of the government.
Fitment factor in 7th Pay Commission
The fitment factor in the 7th Pay Commission was 2.57, on the basis of which the minimum basic salary of employees was fixed at ₹ 18,000. Earlier, the fitment factor in the 6th Pay Commission was 1.86.
How much can the pension increase?
The pension of central employees can also increase. If the government approves the fitment factor 2.86 in the 8th Pay Commission, then the pension can increase by about 186%. After this, the pension can increase by ₹ 9,000 to ₹ 25,740 per month.
When will the 8th Pay Commission be implemented?
Let us tell you that since 1946, a total of 7 pay commissions have been formed. These commissions are formed every 10 years. The current 7th Pay Commission was implemented in 2016 and will end in 2026. Accordingly, the 8th Pay Commission is likely to be implemented from 2026.
