8th Pay Commission: Big news related to the 8th Pay Commission has come out for central government employees and pensioners. If it is implemented, the monthly salary may increase from Rs 14,000 to Rs 19,000
8th Pay Commission: Big news related to the 8th Pay Commission has come out for central government employees and pensioners. If it is implemented, the monthly salary may increase from Rs 14,000 to Rs 19,000. According to the report, the government may constitute the 8th Pay Commission in April 2025 and its recommendations may be implemented in 2026 or 2027.
How much can the salary increase?
At present, the average monthly salary of central government employees is Rs 1 lakh. It can increase by 14-19% when the 8th Pay Commission is implemented. If the government budgets Rs 1.75 lakh crore, the salary will increase by Rs 14,600. Similarly, if Rs 2 lakh crore is allocated, there can be an increase of Rs 16,700 and up to Rs 18,800 on a budget of Rs 2.25 lakh crore.
Which employees will benefit?
More than 50 lakh central government employees and more than 65 lakh pensioners will get direct benefit from this pay commission. During the 7th Pay Commission, the government had spent Rs 1.02 lakh crore, but this time this budget can be much higher. This is expected to increase the salary and pension of government employees.
What will be the fitment factor?
The fitment factor is a formula for increasing the salary. In the 7th Pay Commission, it was 2.57, due to which the minimum salary was increased from Rs 7,000 to Rs 18,000. If the same fitment factor is applied in the 8th Pay Commission, the minimum wage will be Rs 46,260 and the pension can increase from Rs 9,000 to Rs 23,130. However, some experts believe that the fitment factor can also be 1.92, which will increase the minimum wage to Rs 34,560.
Special things related to the 8th Pay Commission
On January 16, 2025, the Union Cabinet approved the 8th Pay Commission. However, its chairman, members and rules have not been announced yet. A decision on the new salary structure will be taken only after the report of the commission comes. How much benefit the employees will get from the salary hike will depend on the government’s budget and the recommendations of the commission.
What are the experts saying?
The Secretary of the National Council-Joint Consultative Machinery has said that the fitment factor should be 2.57 or more. However, former Finance Secretary Subhash Garg says that 2.86 fitment factor is impractical and it may remain around 1.92. Overall, the implementation of the 8th Pay Commission will lead to a tremendous increase in the income of central government employees and pensioners. Now everyone’s eyes are fixed on the decision of the government and the recommendations of the commission.
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