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8th Pay Commission Latest News: Good news has come for central employees. If you have parents, siblings, uncle-aunt or retired grandfather in your house, then you can tell this good news to them.
Actually, there can be a big increase in the minimum salary of central employees. Next year, the central government can give this gift to its employees. But, on one hand there is also discussion that the 8th Pay Commission will not come. However, it cannot be denied that there is going to be a tremendous increase in the salary of the employees in the next pay commission. The biggest increase in the salary of the employees will happen only at the time of the 8th Pay Commission.
There will be a big jump in salary
If sources are to be believed, general elections are to be held in the year 2024. Only after this there will be any discussion on the salary of the employees or the formation of the Pay Commission. But, this much is certain that the matter is moving forward. However, there is currently no proposal on the 8th Pay Commission. The Union Minister of State for Finance has also mentioned this in the Parliament.
But, sources in government departments tell that it is not right to discuss it now. The time has not yet come for the constitution of the Pay Commission. A decision on its formation can be taken after the general elections in 2024. If the Eighth Pay Commission is formed, then there can be a huge jump in the salary. It will be calculated in comparison to the previous pay commission.
When will the new pay commission be implemented?
If the information of the sources is considered correct, then the 8th Pay Commission will be formed by the end of the year 2024. At the same time, it will have to be implemented within one to one and a half years. Meaning it can be implemented in the gap of 2025 or even in the beginning of 2026.
There has been a huge jump in the salaries of central government employees. Many changes are possible in the 8th Pay Commission as compared to the 7th Pay Commission. In this, the salary will not increase on the formula of fitment factor. Rather, the increment can be given by some other formula. The rule of formation of Pay Commission once in 10 years can also be abolished.
Salary will increase every year?
If everything goes well, then the government can change some rules in the next pay commission. However, it will completely depend on the recommendations of the Pay Commission. A gap of 10 years is too long for revision of pay of central employees. So it can be changed in 1 or 3 years. Wage revision of lower level employees can be done on the basis of performance every year. At the same time, revision of maximum paid employees can be kept at an interval of 3 years.
In which pay commission, how much did the salary increase?
The salary of central employees was increased by 27.6% in the fourth pay commission. In this, his minimum pay scale was fixed at Rs.750.
Employees have got a big gift in the fifth pay commission and their salary has been increased by 31 percent. Due to this, his minimum wage directly increased to Rs.2550 per month.
The fitment factor was introduced in the 6th Pay Commission. It was kept at 1.86 times at that time. Due to this, there has been the biggest increase in the salary of the employees. There has been an increase of 54 percent in their minimum wages. This increased the basic pay to Rs 7000.
In the year 2014, the 7th Pay Commission was formed. It was implemented in the year 2016. In this too, considering the fitment factor as the base, an increase of 2.57 times was made. However, the salary increase was only 14.29 per cent. However, the basic pay increased to Rs 18,000. Protesting against this, the employees insisted on increasing the fitment. But, currently it is stable at 2.57 times.
How much can the minimum wage increase in the 8th Pay Commission?
If the 8th Pay Commission is formed, then only fitment factor can be kept in it. On this basis, the fitment of the employees can be 3.68 times. In such a situation, there can be an increase of 44.44 percent in the minimum salary of the employees. With this, the minimum salary of the employees can be Rs 26,000 or more.
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