Big news for the employees. Actually, a new latest update is coming out from the government for the employees. Under which it is being said that after the seventh pay commission, no other pay commission will come. Now the salary of the employees will increase separately.
Central government employees are getting the benefit of increased salary under the 7th Pay Commission. Apart from this, dearness allowance is also increasing continuously. The central government may soon bring a new formula to increase the salary of government employees. Former Finance Minister Arun Jaitley had indicated this in July 2016.
During an announcement in the Parliament, he had said that now apart from the Pay Commission, the employees should also be thought of. According to sources in the Ministry of Finance, now the new Pay Commission will not come for the Central Government employees. The government is working on increasing the salaries of the employees according to their performance linked increments.
Next pay commission will not come
If sources are to be believed then the next pay commission will not come after the seventh pay commission. According to the information received by Zee Business, the government is working in this direction to make such a system for 68 lakh central employees and 52 lakh pensioners, in which the salary will automatically increase if DA is more than 50 percent.
This system can be named as ‘Automatic Pay Revision System’. At the same time, the employees also believe that considering the current inflation rate, it will be difficult for them to survive with the recommendations of increment from 2016. However, one has to wait till the final decision on the matter comes.
Fitment factor will not increase
For the last few days, there are reports in the media that the government may soon increase the fitment factor of central employees. According to sources, the fitment factor will not increase in the year 2022. At present, the government is not in favor of increasing the fitment factor. Due to Kovid-19 and inflation, this additional economic burden can worsen the situation.
If sources are to be believed, now the fitment factor will also be decided only when a new formula for increasing the salary is introduced. It is difficult to make any kind of speculation before this. The government is constantly working on making such a formula that increases the salary from time to time.
Which employees will benefit?
According to a Finance Ministry official, Arun Jaitley wanted that along with middle-level employees, lower-level employees should also get a pay hike. According to an official, given the long-standing trend of income polarization after the new formula and the shrinking middle level in central government departments, it seems likely that the vast middle-level employees will be able to do so. There will not be much growth in the mass level. However, lower level employees can see benefits in this.
How much will you get?
Pay Level Matrix (Pay Level Matrix) The minimum salary of central employees from 1 to 5 can be between 21 thousand. The Narendra Modi government is not in favor of the next pay commission. If the trend of pay commission is seen then it is implemented every 8-10 years.
However, this time it can be changed to implement the new formula in the year 2024. According to government employees, the salary should be about three times, which was the lowest increase in the 7th Pay Commission.
