8th Pay Commission: Amidst the news of the arrival of the 8th Pay Commission, there is a relief news for pensioners. If the government implements the new fitment factor, there can be a big increase in pension. Currently, the amount received by pensioners is based on the fitment factor 2.57. But if the new fitment factor is 1.92 or 2.28, then the pension can increase by almost two times.
Pensioners with grade pay of Rs 2000
The current pension of pensioners who have retired on grade pay of Rs 2000 is around Rs 13,000. If the fitment factor 1.92 is implemented, then their pension can increase to Rs 24,960. At the same time, level 3 pensioners can get a pension of Rs 27,040 on the basis of fitment factor 2.28. Those whose pension is currently Rs 16,000 are also likely to get Rs 30,720.
Pensioners with grade pay of 2800
The current pension of employees who retired on grade pay of Rs 2800 is Rs 15,700. According to the new pay commission and fitment factor 1.92, it can increase to Rs 30,140. If the fitment factor of 2.28 is applied, then the pension can reach up to Rs 32,656. The minimum pension of level 5 pensioners can be Rs 39,936 (1.92 factor) and Rs 43,264 (2.28 factor).
Pensioners with grade pay of Rs 4200
The current pension of level 6 employees who retired on grade pay of Rs 4200 is around Rs 28,450. If the fitment factor of 1.92 is applied, then this pension can increase to Rs 54,624. At the same time, on the fitment factor of 2.28, this pension can reach up to Rs 59,176.
Pension will increase
If the central government implements the 8th Pay Commission and the fitment factor is revised, then pensioners can get a big benefit. This will benefit lakhs of retired employees and their families. Now everyone’s eyes are fixed on the government’s decision.
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