Central employees and pensioners are waiting for the notification of 8th Pay Commission. Know what can be the new Fitment Factor and how much will it increase the Basic Salary and Pension?
Along with the information of the current salary and DA/DR under 7th Pay Commission, 8th Pay Commission Latest News, Salary Hike, Minimum Basic Salary, Pension Increase…
The central government in January 20258th central payThe commission was approved. However, its official notification has not been issued yet. This is the reason why discussions are going on between government employees and pensioners regarding salary hike.
Employees are keeping an eye on what will be the new salary hikeFitment FactorHow much will it be and how much will their salary and pension increase due to this.
Delay in notification and appointment
Minister of State for Finance Pankaj Chaudhary told Parliament that the notification of the commission will be issued “in due course”. According to him, information has been sought from the Ministry of Defence, Ministry of Home Affairs, Department of Personnel and Training and the states. The appointment of its chairman and members will be done only after the notification of the commission is issued.
Current Salary Structure
Currently, under the 7th Pay Commission, central government employees are getting a minimum basic salary of Rs 18,000. Pensioners get a minimum pension of Rs 9,000. The maximum pay scale is up to Rs 2,25,000, while for Cabinet Secretary and top posts it is Rs 2,50,000. Apart from this, employees and pensioners are also getting DA/DR at the rate of 55%.
What is fitment factor?
The government uses the fitment factor to calculate the salary and pension of employees. Its formula is Revised Pay = Basic Pay × Fitment Factor. This factor decides what will be the minimum and maximum salary in the new pay commission. Currently, a fitment factor of 2.57 is applicable in the 7th Pay Commission.
Basis of salary calculation
The fitment factor is calculated by taking into account the dearness allowance (DA) and the economic conditions of the time. Along with this, the government often also looks at the formula prepared by Dr. Wallace Ackroyd, which estimates the ideal salary based on the minimum living costs, necessities such as food, clothing and housing.
Opinion of experts
Probable new pay scales
If the fitment factor is fixed at 1.8, the minimum basic pay will be Rs 32,400 and the minimum pension will be Rs 16,200.
- At 1.92 it would be Rs 34,560 and Rs 17,280 respectively.
- ₹ 36,000 and ₹ 18,000 at 2.00.
- 37,440 and Rs 18,720 at 2.08.
- 46,260 and Rs 23,130 at 2.57.
- And if 2.86 is approved, the minimum salary of employees can reach Rs 51,480 and pension can reach Rs 25,740.
What will happen to DA and DR?
