Central employees and pensioners across the country are eagerly waiting for the Eighth Pay Commission. Who are expecting a hike in their salary and pension.
A recent report by Ambit Capital has strengthened the speculation that there could be a huge hike of around 30 to 34 percent in the salaries of government employees. If the Eighth Pay Commission is implemented as per earlier estimates, it could be implemented in 2026 or financial year 2027. After this, the government will have an additional burden of around Rs 1.8 lakh crore.
Pay Commission after every 10 years…
The Central Government sets up a Pay Commission every ten years. In this, the existing pay structure of central employees and pensioners, including defence personnel, is revised on the basis of inflation and other economic aspects. Experts are expecting that the Pay Commission will recommend an increase in DA in line with inflation in addition to the basic pay of central employees. Along with this, the pension will also be revised as per the new pay structure.
The fitment factor is applied for salary revision of government employees. If the Ambit Capital report is to be believed, then a fitment range of 1.83 to 2.46 can be applied to it. If this happens, the minimum salary will increase from Rs 32,940 to Rs 44,280. The fitment factor is what is multiplied by the existing basic salary for the new pay structure as per the new Pay Commission.
How much salary increase?
If the fitment factor of 2.46 is applied in the same way, then in this case, if someone’s salary is Rs 50 thousand, then his salary will increase to Rs 1.23 lakh. But if the fitment factor is 1.83, then his salary will increase to Rs 91,500.
It is believed that the implementation of the Eighth Pay Commission will be very beneficial not only for the government employees but also for the Indian economy. The reason for this is that when the salaries of the people increase, they will spend on consumption and this will accelerate the pace of growth.
