8th Pay Commission Latest News: The Central Government has constituted the Eighth Pay Commission. The Commission will determine the salaries, pensions, and allowances of central government employees and pensioners.
Approximately 10 million people will be directly affected. The Commission’s work has begun and it is scheduled to submit its report within the next 18 months. Let’s explore all the relevant information in simple terms.
The government has submitted a complete list of tasks to the commission. The commission will examine salaries, pensions, and other regulations, adjusting them against inflation and the economy. If possible, the allowances received by government employees will be improved. The aim is to ensure that the government treasury is not depleted, while also ensuring that the welfare of government employees is maintained.
Each Pay Commission is formed every 10 years. The Seventh Commission began operations on January 1, 2016. Therefore, the Eighth Pay Commission is expected to be implemented on January 1, 2026. However, this will first require the Commission to submit its report, followed by Cabinet approval. The report is expected by the end of 2025.
How much will salaries increase under the Eighth Pay Commission? This is a big question, and there’s no definitive answer. It all depends on the fitment factor. The Seventh Pay Commission’s fitment factor was set at 2.57.
Under the Eighth Pay Commission, the fitment factor could be set between 2.8 and 3.0. This change will impact basic salary and also benefit DA, HRA, etc. This will all depend on the government’s treasury reserves.
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Under the Eighth Pay Commission, central civil servants, military personnel and officers, employees of Union Territories, and central pensioners will benefit. Approximately 6.9 million pensioners fear they may be excluded from the Commission’s recommendations. The Commission has mentioned pensions, but a final decision will be taken later.
Increasing government employees’ salaries will significantly burden the state treasury. Following the central government’s salary revisions, states will also increase their salaries. The government stated that financial stability is essential. During a revenue shortfall, caution is necessary. Along with the happiness of employees, the national treasury also needs to remain strong.
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