8th Pay Commission: There is a great news for more than 36 lakh employees and pensioners of the central government. After a long wait, there is a lot of commotion regarding the formation of the 8th Pay Commission.
According to media reports, the commission is likely to be formed by the end of May 2025. Due to which lakhs of people can get relief.
According to media reports, the government has approved the 8th Pay Commission. However, the formal announcement of the commission has not been made yet. The Finance Minister had said that the government can start working on it soon. It is believed that the committee will submit its report before January 2026 so that it can be implemented from that time.
DA and Fitment Factor
If we look at the old Pay Commission, the commission is usually headed by a retired Supreme Court judge or a senior bureaucrat. Apart from this, this team includes economists, pension and government expenditure experts. It gives suggestions on DA and fitment factor.
Salary expected to increase by 40 to 50 percent
It is expected that the basic salary of the employees can be increased by 40 to 50 percent from the 8th Pay Commission. This increase will be based on the new fitment factor which can be between 2.28 to 2.86. If the maximum factor is applied in this, then the new salary of the person whose current salary is Rs 20,000 can reach from Rs 46,600 to Rs 57,200.
Why 8th pay commission is necessary
Due to inflation, the cost of living is increasing rapidly, due to which there is a demand from the government to implement the 8th Pay Commission as soon as possible. The 7th Pay Commission is in force since 2016 and its tenure is till January 2026. In such a situation, it is necessary to form a new committee in time.
