8th Pay Commission: Salary 34560, pension increased by 17,280, this change will happen in the new pay commission
8th Pay Commission: The news is going to be very useful for central government employees and pensioners. The government is going to increase both salary and pension, which will benefit the employees a lot. If you also want to know the new update regarding the new commission, then quickly know the complete details below.
8th Pay Commission Update : The Central Government has taken important steps for its central government employees and pensioners, which also includes the approval of the formation of the 8th Pay Commission . Now the employees and pensioners are waiting for its immediate implementation. After this, there will be a huge increase in their pay and pension.
The minimum pay of central government employees will be increased by about Rs 16560, which will improve their income. This will increase the minimum pay of employees to more than 34 thousand. These changes will benefit central employees and pensioners and improve their lifestyle.
This will be the impact of 8th Pay Commission –
An important announcement has been made for central employees and pensioners, in which a big increase is expected in their 8th Pay Commission. Under the new recommendations, there can be a tremendous increase in the minimum salary of 18000, which can later increase to 34560, due to which central employees are expected to get good benefits. There may be an increase in the pension of pensioners, which will become around Rs 17280. Pensioners are likely to get relief from this increase.
Led by Prime Minister Narendra Modi, the Central Government has approved the formation of the 8th Pay Commission, which will take this process forward. This committee can complete its work by 2026, Union Minister Ashwini Vaishnav has announced. This move is a matter of happiness for central employees and pensioners, as it can improve their financial condition.
Recommendations of 8th Pay Commission will be submitted to the Central Government soon-
An important step has been taken for central employees and pensioners. Under the leadership of Prime Minister Narendra Modi, the Central Government has decided to form a new 8th Pay Commission, which will work to improve the pay and pension of central employees and pensioners. By the way, let us tell you that a new Pay Commission is formed every 10 years.
The 8th Pay Commission will soon submit its suggestions and recommendations and is expected to complete it by 2026. This move brings hope for central employees and pensioners, as a new commission is formed every decade to revise the salaries and other allowances from time to time. This is likely to improve the standard of living of central employees and pensioners and may provide them better financial support.
Salary structure will change in 8th Pay Commission-
The commissions formed by the central government determine the salaries and allowances of central employees and pensioners. This time too, the entire salary structure will change in the new Pay Commission. The 8th Pay Commission will recommend changes in the salary and pension structure. As a result, the salaries and allowances of central employees are likely to increase. This will give them better financial security and convenience. This amendment will help in improving the well-being of employees and pensioners and their lifestyle.
The Union Minister gave this important information –
A new hope has arisen for the central government employees and pensioners as the 8th Pay Commission is expected to be constituted in 2025. Its objective is to provide better facilities and benefits to 49 lakh employees and 65 lakh pensioners.
Union Minister Ashwini Vaishnav also said that the process will start even before the formation of the next Pay Commission, so that the recommendations can be received on time and the central employees can get the benefits on time. The term of the 7th Pay Commission is ending in December 2025, but there will be no delay with the introduction of the new Commission. With this system, central employees and pensioners will get justice at the right time.
When will the 8th Pay Commission be implemented?
Union Minister Ashwini Vaishnav said that the 8th Pay Commission can be implemented by 2026, which will improve the salary/allowances and pension of central employees and pensioners. This can provide them more financial assistance.
Last time when the 7th Pay Commission report was prepared, it took about 1.5 years to complete it. That report was implemented in July 2016, which proved to be a significant change for central employees and pensioners. The 8th Pay Commission report will be prepared as soon as possible.
Proposal for changes in financial benefits in 8th Pay Commission-
The 8th Pay Commission will propose changes in the financial benefits of central employees and pensioners. If the fitment factor in the 8th Pay Commission increases to 2.86, the pay and pension of the employees will increase significantly. Keeping all these things in mind, the 8th Pay Commission will be formed.
Considering inflation and other economic pressures, there is a possibility of a reasonable increase in pay, pension and allowances. This will help the employees to live a better life. This step will be necessary to improve their financial security and lifestyle.
Pay will increase this much due to Fitment Factor –
If all the amendments regarding pay and pension are implemented, then the minimum pay for government employees which is Rs 18,000, can increase significantly due to increase in the fitment factor in the 8th Pay Commission and after the increase, the minimum salary will become Rs 34560. This will be an increase of about 93% compared to the current pay.
Similarly, a positive change can be seen for pensioners as well, which can increase their pension. After this change, keeping in mind inflation and other economic changes, central employees and pensioners will get better financial help and employees will get the strength to fight inflation.
There was a revision in Pay and Allowances in 2016 –
The Central Government had also formed a new committee at the time of 7th Pay Commission to determine the salary of its employees, the purpose of which was to re-evaluate their salaries and allowances. This committee was formed on 28 February 2014. Its purpose was to give a fair salary to the government employee, so that the salary balance is maintained and employee satisfaction increases. In this process, many aspects were taken into consideration, so that central employees and pensioners can get better benefits.
The recommendations of this committee were implemented in the form of 7th Pay Commission from January 2016. Then the salaries and allowances were revised and the basic salary was increased from Rs 7000 to Rs 18000. Pensioners also benefited from this. Now the employees have many expectations from the 8th Pay Commission as well.
Source: Media Report
