Salary may increase as per fitment factor of 2.86
8th Pay Commission: Prime Minister Narendra Modi has approved the formation of the 8th Pay Commission, announcing a huge gift for all the government employees (centre) of the country. This is a very good news for all the central government employees before the Union Budget to be presented on February 1, 2025. Union Minister Ashwini Vaishnav gave this information today. Ashwini Vaishnav told that the 8th Pay Commission will be implemented from the year 2026. However, he did not give the date of implementation of the 8th Pay Commission. But, experts believe that the government can implement the 8th Pay Commission from January 1, 2026.
Salary will increase after implementation of 8th Pay Commission recommendations
The 8th Pay Commission has been announced at a time when the dearness allowance given to central government employees has exceeded 50% of their basic salary. At present, government employees are getting salary and pension as per the recommendations of the 7th Pay Commission. The recommendations of the 7th Pay Commission are effective from January 1, 2016. The recommendations of the 8th Pay Commission will be announced later. Let us tell you that after the implementation of the recommendations of the 8th Pay Commission, along with the basic salary of all the central government employees of the country, their allowances will also increase significantly. Along with the employees, the pension received by the pensioners will also increase.
After the recommendations of the 7th Pay Commission, the basic salary was increased from Rs 7000 to Rs 18,000.
According to an Economic Times report, TeamLease Vice President Krishnendu Chatterjee said that after the recommendations of the 7th Pay Commission implemented in 2016, the basic salary of the employees had increased from Rs 7000 to Rs 18,000 as per the fitment factor of 2.57. He said that keeping inflation in mind, it is expected that the fitment factor under the 8th Pay Commission may remain between 2.5-2.8, due to which there may be a huge increase in the salary of employees between Rs 40,000 to 45,000. He said that Performance Based Incentive (PLI) is also being discussed in the 8th Pay Commission.
Salary may increase as per fitment factor of 2.86
According to the report, another expert Rohitashv Sinha said that according to the fitment factor of 2.86 in the 8th Pay Commission, the minimum basic salary could increase by 186%. Due to which the minimum basic salary of employees can be up to Rs 51,480. He said that with the implementation of the new rules, there may be an increase in the pension and other retirement benefits like EPF, gratuity etc. received by the pensioners.
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