8th pay commission: A big and good news has come for millions of central employees and pensioners of the country. Taking an important decision on Thursday, the Union Cabinet headed by Prime Minister Narendra Modi has approved the formation of the 8th Pay Commission. Union Minister Ashwini Vaishnav announced this. The main objective of this new Pay Commission will be to amend the salaries, pension and other allowances of central government employees and pensioners as per the changes over time. This important announcement came only a few days before the general budget 2025, causing a wave of enthusiasm among the employees.
8th Pay Commission: What is 8th Pay Commission and its work?
The 8th Pay Commission will be an expert committee that will submit its recommendations to the government for the salary structures, dearness allowance (DA) and pension of the Central Government employees and retired employees. Apart from this, various allowances received by employees will also be adjusted according to the current inflation. The Pay Commission is constituted every 10 years and it conducts intensive reviews of all financial aspects like salary, allowances, pension and bonus of government employees. It takes into account important factors like the country’s economic status, inflation and financial condition of the government treasury while making its recommendations.
How much increase in salary is expected?
Although the government has not yet released any official figure or percentage of the possible increase in salary, but according to the estimates of various media reports and experts, there may be a significant increase in the minimum original salary based on the fitment factor. According to some reports, the minimum basic salary can increase from Rs 18,000 to Rs 51,480.
What is a fitment factor?
The fitment factor is a type of multiplear, on the basis of which the salaries and pension of the employees are calculated. Many factors such as inflation rate, government’s financial capacity and existing needs of employees are considered when deciding.
Who will get the benefit of this?
The recommendations of the 8th Pay Commission will directly benefit a large section of the country, including:
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Around 50 lakh central government employees (it also includes personnel of defense forces).
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Around 65 lakh pensioners (including retired personnel from defense services).
How long can the 8th Pay Commission apply?
According to reports, the formation of the 8th Pay Commission will be completed by 2026 and its recommendations are probably expected to be implemented from 1 January 2026.
Significantly, 7 Pay Commissions have been constituted in India since 1946. The recommendations of the 7th Pay Commission, which came into force in 2016, are still effective. This new step of the Modi government will carry forward this 10 -year cycle and will help employees to relieve rising inflation over time.
This news has an atmosphere of happiness among government employees and pensioners. Now everyone’s eyes are on what the Pay Commission recommends and what effect does it affect the common man’s pocket and the country’s economy.
