8th Pay Commission latest news: Good news has come for central employees. If you have father-mother, brother-sister, uncle-aunt or even 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 a discussion that the 8th Pay Commission will not come. However, there is no denying that there is going to be a tremendous increase in the salary of the employees in the next pay commission. There will be the biggest increase in the salary of the employees only at the time of 8th Pay Commission.
There will be a huge 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 on the constitution of the Pay Commission. But, it is certain that the matter is moving forward. However, there is currently no proposal on the 8th Pay Commission. 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 the year 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 also be implemented in the gap of 2025 or in the beginning of 2026.
There is a huge jump in the salary 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, salary increment with any other formula can light the lamp. 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. The gap of 10 years is too long for revision in the salary of central employees. That’s why it can be changed to 1 or 3 years. Salary revision of lower level employees can be done on performance basis every year. At the same time, revision of employees with maximum salary can be kept at an interval of 3 years.
In which pay commission, how much did the salary increase?
- In the fourth pay commission, the salary increase of central employees: 27.6% was done. In this, his minimum pay scale was fixed at Rs.750.
- In the fifth pay commission, the employees got a big gift and their salary was increased by 31 percent. Due to this, his minimum wage directly increased to Rs.2550 per month.
- The fitment factor was implemented in the 6th Pay Commission. This was kept at 1.86 times at that time. Due to this, the employees got the biggest hike in salary. There was an increase of 54 percent in his minimum salary. Due to this the basic salary increased to Rs.7000.
- In the year 2014, 7th Pay Commission was formed. It was implemented in the year 2016. In this too, considering the fitment factor as the basis, an increase of 2.57 times was made. But, the salary increase that happened was only 14.29 percent. However, the basic salary increased to Rs 18,000. Expressing protest against this, the employees insisted on increasing the fitment. But, at present it is stable at 2.57 times.
How much can the minimum salary increase in the eighth pay commission?
If the 8th Pay Commission is formed, then only the fitment factor can be kept in this. On this basis, the fitment of the employees can be done 3.68 times. In such a situation, there can be an increase of 44.44% in the minimum salary of the employees. With this, the minimum salary of the employees can be Rs 26,000 or more.
