Important news for employees. At present there is a discussion whether the 8th Pay Commission will come or not. In such a situation, recently the government has clarified the position regarding the Eighth Pay Commission. In such a situation, let us know in the news below this big information that came from the government.
There is good news for central employees. It was discussed that the 8th Pay Commission will not come. But, there is a discussion in the government departments that the matter is moving forward on the 8th Pay Commission. 8th Pay Commission can be planned in the year 2024.
Now if this discussion is correct then it can be expected that central employees can get a big relief after the implementation of the 8th Pay Commission. This means that there can be a tremendous jump in his salary. If sources are to be believed, many things can be different in the 8th Pay Commission as compared to all the previous pay commissions. For example, instead of fitment factor, salary should be reviewed by some other formula. Also, the review to be done at an interval of 10 years should be implemented annually.
Work can be done on the new scale of salary-
Under the current 7th Pay Commission, the basic salary (minimum pay limit) of the employees is Rs.18,000. Fitment Factor was implemented for salary. In this, the same fitment was applied to every grade. The employees also opposed it. But, due to delay from the fixed limit, it was implemented according to the recommendations.
However, the then Finance Minister late Arun Jaitley himself also believed that some new scales should be worked out to fix the salary of central employees. At present, the revised basic pay is calculated from the old basic pay on the basis of fitment factor.
The fitment factor will increase the minimum basic salary.
Central employees got the least salary hike in the 7th Pay Commission. The fitment factor was kept at 2.57 times in the recommendations. On this basis, the salary of central employees was revised. However, the basic salary was increased to Rs 18,000. If sources are to be believed, the minimum basic salary can be increased to Rs 26,000 by maximizing the fitment factor in the 8th Pay Commission.
At the same time, salary will be increased every year on the basis of performance. Lower rank employees will get more benefit from this. Also, the salary of the employees in the maximum salary range can be revised at an interval of 3 years.
4th Pay Commission how much salary increased-
Increment: 27.6%
Minimum Pay Scale: Rs 750
5th Pay Commission how much salary increased-
Increment: 31%
Minimum Pay Scale: Rs 2,550
How much has the 6th Pay Commission increased the salary (Fitment Factor)?
Fitment Factor: 1.86 times
Increment: 54%
Minimum Pay Scale: Rs 7,000
7th Pay Commission, how much will the salary increase? (Fitness Factor)-
Fitment Factor: 2.57 times
Increment: 14.29%
Minimum Pay Scale: Rs 18,000
8th Pay Commission, how much will the salary increase? (Fitness Factor)-
Fitment Factor: 3.68 times Possible
Increment: 44.44%
Minimum Pay Scale: Rs.26000 Possible
Will 8th pay commission come or not?
At present, the government does not have any proposal regarding the 8th Pay Commission. Minister of State for Finance Pankaj Chowdhary himself has also given an answer on this in the Lok Sabha. But, if sources are to be believed, the next pay commission may be considered in the year 2024. There is still time for the 8th Pay Commission to come. If it is to be implemented in the year 2026, then the government has time to consider the new scale of increment.
But, whatever the scale will be, it will be implemented under the Pay Commission only. For this, the Pay Commission can also be formed in the year 2024. At the same time, experts believe that in 2024 general elections are also to be held in the country. In such a situation, the government would not want to anger the central employees. That’s why it is premature to say that the next pay commission will not come.
Salary will increase by Rs 8000 between pay-grade level-1 to 3!
There will be a big increase in the minimum salary of central employees from level 1 to 3 of pay-grade matrix. There can be a jump of more than 44 percent and the minimum basic salary can be 26,000. In this order, there will be an increase in salary up to Pay Matrix Level-18. Pay commission is implemented between every 8-10 years. In such a situation, its next deadline is the year 2026.
