8th Pay Commission: Central employees and pensioners are eagerly waiting for the 8th Pay Commission. It is being speculated that it can also be announced in the budget to be presented on February 1. If the 8th Pay Commission is implemented, how much will the pension and salary increase.
More than one crore central employees and pensioners of the country are waiting for the formation of the 8th Pay Commission. All eyes are on Prime Minister Narendra Modi as to when he will announce the commission which will submit its report to the central government regarding the increase in salary and pension. The 8th Pay Commission is to be implemented from January 2026 and before that the commission will submit its report. In such a situation, the question arises that if the 8th Pay Commission is formed and recommends increasing the salary and pension, then how much will the salary of the central employees increase.
Although no official announcement has been made by the government regarding the 8th Pay Commission yet, but it is being speculated that the government can announce it in the general budget to be presented on February 1, 2025. After the formation of the commission, it will send its report to the central government regarding the increase in salary and pension in view of the current economic situation of the country and the state of the economy, on which the final decision will be taken by the government.
Demand to increase the fitment factor as well
The media report said that the National Council of the Joint Advisory Committee has also demanded the government to increase the fitment factor along with the 8th Pay Commission. The rate of fitment factor in the 7th Pay Commission was 2.57, which is being demanded to be increased to 2.86 this time. The Pay Commission is implemented on the basis of the fitment factor and the salary and pension increase.
How much will the salary increase with the new fitment factor
If you look at the calculation of the 7th Pay Commission, you will find that before its implementation, the minimum basic salary was only 7 thousand rupees. In the 7th Pay Commission, the fitment factor was made 2.57, after which the minimum basic salary increased to 18 thousand rupees. This means that the basic salary of 7 thousand rupees before this was increased by 2.57 times to 18 thousand. Similarly, if the fitment factor is made 2.86 in the 8th Pay Commission, then the minimum basic salary will increase from 18 thousand to 51,480 rupees. This means that the salary can increase by about 3 times.
Huge increase in pension too
With the implementation of the 8th Pay Commission, like the salary, there will be a huge increase in pension too. At present, the minimum pension is Rs 9,000, which will increase to Rs 25,740 as per the fitment factor of 2.86. Keep in mind that this calculation is only for the minimum basic salary and pension. Along with the basic salary, employees will also get the benefit of dearness allowance i.e. DA and the actual salary will be much more than this.
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