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Home Personal Finance Important News! New update on 8th pay commission has come, bumper increase...

Important News! New update on 8th pay commission has come, bumper increase in salary is also expected

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There can be a big change in the salary and pension structure of lakhs of employees and pensioners. This is the reason why the discussion of the 8th Pay Commission has intensified these days and all eyes are on the next step of the government.

Big news may come out for central government employees and pensioners. According to media reports, the Terms of Reference (ToR) of the 8th Pay Commission can be issued this month. If this happens, then a big change can be seen in the salary and pension structure of lakhs of employees and pensioners. This is the reason why the discussion of the 8th Pay Commission has intensified these days and everyone’s eyes are fixed on the next step of the government.

What is the detail

Shiv Gopal Mishra, secretary of the employee side of the National Joint Council Consultative Machinery (NC-JCM), told NDTV Profit, “We hope that the government will soon approve the Terms of Reference (TOR). We hope that it will be approved by this month, but nothing can be said right now.” Let us tell you that NC-JCM, a body made up of bureaucrats and employee union representatives, acts as an important forum for resolving disputes between the central government and its employees through dialogue.

What is ToR?

Let us tell you that the Terms of Reference (ToR) is actually a document in which the Commission is told on which issues it has to study and make recommendations. This includes points related to basic pay, fitment factor, pension, allowances and other facilities. As soon as the ToR is issued, the Commission will officially start its work.

How much will the salary increase

According to reports, if the fitment factor is kept at 2.46, then the salary of the employees can increase by about 30–34%. On the other hand, if it is limited to 1.8, then the salary will increase by only about 13%.

Due to this, lakhs of central employees are expected to get a big salary hike, but the final decision will depend on the commission and the government. If the ToR is issued in August, then the report of the commission can come by 2026. However, like the 7th Pay Commission, there may be a delay in this and employees will get the benefits of the new pay scale by 2027–28. In such a situation, employees will not only get the benefit of increased basic salary but will also see an increase in DA, HRA and pension.

 

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