More than 35 lakh central government employees and 67 lakh pensioners across the country are currently waiting for the 8th Pay Commission. Every day there is some discussion related to it in the media or social media. Everyone’s eyes are on the government as to when the central government will finally form it and when new recommendations will be implemented. However, no official announcement has been made by the government so far.
After 7th Pay Commission, now turn 8th
Significantly, the 7th Pay Commission came into force from January 2016, which was announced two years ago in February 2014. Given this sequence, it was believed that the 8th Pay Commission could be formed between 2024-25 so that it could be implemented from 1 January 2026.
However, no concrete information has been revealed so far, causing anxiety and uncertainty between employees and pensioners. Many employee unions have appealed to the Central Government to start the process of formation of the commission at the earliest so that the amendment in salary can be implemented at the earliest.
What is fitment factor and why is this important?
The impact of the recommendations of the 8th Pay Commission depends mainly on the Fitment Factor. This is the coefficient through which the basic salary of the employees is increased.
The fitment factor in the 7th Pay Commission was 2.57, due to which the minimum wage increased from ₹ 7,000 to ₹ 18,000.
The Fitment Factor in the 6th Pay Commission was 1.86, and the minimum wage was from ₹ 2,750 to ₹ 7,000.
It is now discussed that the fitment factor in the 8th Pay Commission can be between 2.5 and 2.86. If the fitment factor of 2.86 is applied, it is estimated that the minimum basic salary can be more than ₹ 51,000. That is, a big boom in salary can be seen.
What will pensioners benefit?
The Pay Commission is not only for the employees who get salary, but are equally important for pensioners. More than 67 lakh retired employees across the country are waiting for the announcements of the 8th Pay Commission. Pension revision was included in the previous pay commissions, and this time a similar improvement is expected.
If the fitment factor increases, it will also directly affect the pension, which will increase the monthly income of pensioners and they will be able to feel a little relief amid increasing inflation.
Why is the delay increasing?
Although no official announcement has been made by the central government yet, experts believe that the government is taking precautions keeping in mind the financial burden, inflation and other economic factors. At the same time, many unions believe that the government is deliberately delaying this process, while it is not in the interest of employees and pensioners.
Demand and possibilities of employees
Many employee organizations have also demanded that the fitment factor 3.68 be kept so that the minimum wage can be fixed between ₹ 26,000 to ₹ 27,000. However, it is a very high demand and it will not be easy for the government to consider it immediately.
conclusion
Regarding the 8th Pay Commission, millions of people hope that the government will take a positive decision soon. However, there is no clear announcement yet, but if this commission is formed in 2025, it can be implemented from 1 January 2026.
This is not only a matter of economic relief for employees and pensioners, but it can also prove to be an important step towards improving their standard of living.
Now everyone’s eyes are on the Central Government – what will come on the 8th Pay Commission time? Or will the wait grow further?
