8th Pay Commission In the latest update: Last January, the government made a major announcement for the establishment of the Eighth Pay Commission for the central employees. Meanwhile, no announcement has been made regarding the new Pay Commission Committee. Central employees are waiting for the entire process to speed up. Now there has been a big update for central employees regarding the Pay Commission. The salary/pension of central government employees is amended every decade, taking into account many factors such as economic condition, purchasing power, consumption pattern and prices.
What is update?
According to the information received, the Center has accelerated the process of finalizing the Eighth Pay Commission’s Reference Conditions (TOR). The TOR will be notified in two to three weeks and the names of the president and members of the panel will also be declared at the same time.
When will the report come?
The Commission may be given at least one year time to prepare the report. In such a situation, the report will be submitted to the government by the first half of 2026. Salary/pension amendments will be made from 1 January 2026 with rebel effect and employees will be paid the dues.
About Seventh Pay Commission
The Central Pay Commission (CPC) is established once in the decade. The last seventh Central Pay Commission was constituted on 28 February 2014. It was headed by Justice Ashok Kumar Mathur and was given 18 months time to submit his report. The Seventh Central Pay Commission, who came into effect on 1 January 2016, increased the salary (wages and allowances) of Central Government employees and so much in pension. Central employees are getting 55 percent of their basic salary as dearness allowance. The government increases this allowance twice a year.
When was the 7th CPC established?
The 7th Central Pay Commission was established on 28 February 2014. This Central Pay Commission was chaired by Justice Ashok Kumar Mathur and was given 18 months time to submit his report. Under the 7th Central Pay Commission, which came into force on 1 January 2016, the salary (wages and allowances) of the Central Government employees increased by 23.55% and the pension increased the same. In FY 2017, additional payment was estimated at ₹ 1.02 lakh crore or 0.65% of GDP, which made it difficult for the government to bring fiscal deficit from 3.9% in FY 2016 to 3.5% of GDP in FY 2017.
The recommendations of the Pay Commissions may cause a huge increase in consumption due to salary increase, but their recommendations lead to heavy burden on state governments, public sector undertakings and central universities, which take recommendations of commissions and amend the salary accordingly.
The Post 8th Pay Commission: Big update regarding the eighth pay commission, it is necessary for central employees to know the first appeared on News India Live | Breaking India News, The Indian Headline, India Express News, Fast India News.
