8th pay commission salary hike latest news: The fitment factor is the coefficient through which salary and pension are revised. The 7th Pay Commission had suggested a fitment factor of 2.57, due to which the minimum salary increased from ₹ 7,000 to ₹ 17,990.
8th pay commission latest news: What could be a bigger good news for the central government employees than this, Prime Minister Modi himself has approved the formation of the 8th Pay Commission. When the term of the 7th Pay Commission ends in the year 2026, the recommendations of the 8th Pay Commission will come. But, after this news, the most discussed topic is how big a difference will come in the salary of the employees. The biggest role in this will be of the fitment factor. There is a heated debate on the fitment factor, which is the main basis for revision of salary and pension. In view of inflation, change in fitment is very important. Salary revision will be known only at the time of the 8th Pay Commission. But, the increase in the 8th Pay Commission can be even bigger than the 6th Pay Commission.
What is the fitment factor and why is it important?
The fitment factor is the coefficient through which salary and pension are revised. The 7th Pay Commission had suggested a fitment factor of 2.57, due to which the minimum salary increased from ₹ 7,000 to ₹ 17,990. Now it remains to be seen what will be the fitment factor in the 8th Pay Commission. The Chairman of the Pay Commission will present his recommendations by 2026. This will be known only in that.
8th pay commission: Will the salary change every year?
After the formation of the 7th Pay Commission, the minimum salary of central employees increased the least. Actually, the salary was increased according to the Fitment Factor. In this, it was kept 2.57 times. This made the basic salary Rs 18000. If this formula is considered as the basis, then in the 8th Pay Commission, the minimum salary will be Rs 26000 under the maximum range of the Fitment Factor.
When and how much did the employees’ salaries increase?
Salary hike of central government employees in 4th Pay Commission: 27.6%. In this, their minimum pay scale was fixed at Rs 750.
Employees got a big gift in the 5th Pay Commission and their salary was increased by a huge 31%. Due to this, their minimum salary directly increased to Rs 2550 per month.
The fitment factor was implemented in the 6th Pay Commission. At that time, it was kept at 1.86 times. Due to this, the employees got the biggest hike in salary. Their minimum salary increased by 54%. Due to this, the basic salary increased to Rs 7000.
In the year 2014, 7th Pay Commission was formed. Taking the fitment factor as the basis, an increase of 2.57 times was made. However, the salary increase that happened was only 14.29%.
How much increase is expected in the 8th Pay Commission?
Now after the formation of the 8th Pay Commission, if the government keeps the salary revision on the old scale, then the fitment factor will be considered as the basis in this also. On this basis, the fitment of the employees can be increased by 3.68 times. On this basis, the minimum salary of the employees can increase by 44.44%. With this, the minimum salary of the employees can be Rs 26000.
When will the 8th Pay Commission be formed?
So far, the government has only informed the 8th Pay Commission that Prime Minister Narendra Modi has approved it. However, many more layers of approval are still pending. Now it will also be brought to the cabinet for proposal. After this the file will be prepared and the Pay Commission will be formally constituted. Who will be in its panel will also be decided then. Whoever will be the chairman of the commission, his recommendations will be implemented. It is expected that it will be constituted in 2026. Central employees and pensioners are eagerly waiting for it. All eyes are on the fact that the government will focus on a fair amendment.
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