8th Pay Commission: The 8th Pay Commission has been constituted by the Central Government, whose job is to give suggestions for changes in the salary, allowances and pension of government employees and pensioners. Only after their suggestions, the government changes the salary structure of government employees. At present, employees get salary under the Seventh Pay Commission.
8th Pay Commission: The Modi government at the center announced the formation of the 8th Pay Commission last month to make a big change in the salary structure of central government employees. Since then, government employees and pensioners are waiting for a hike in their salaries. But before increasing the salary, the 8th Pay Commission still has a long way to go, because no one’s name has been officially announced regarding who will be the members of this commission and who will chair it. However, the amount of salary increase is being estimated from the statements of the officials. There is also talk of two new formulas regarding the fitment factor.
New formula for fitment factor
M. Raghavaiah, leader of the employee side of the National Council-Joint Consultative Machinery (NC-JCM), told NDTV Profit that they are pressing for a fitment factor of ‘at least 2’ in the new pay commission. Former Finance Secretary of India Subhash Chandra Garg told News 24 that the government may approve a fitment factor of ‘1.92-2.08’ under the next pay commission. The revised fitment factor suggested by Raghavaiah is in the middle of the ‘1.92-2.08’ fitment.
How much can the salary increase?
At present, the basic salary of central government employees is Rs 18,000. Under the Seventh Pay Commission, the minimum basic pension of pensioners is Rs 9,000. At 1.92 fitment factor, the basic salary of central government employees will be Rs 34,560. Apart from this, the basic pension can increase to Rs 17,280. At a fitment factor of 2, the basic salary of central government employees will increase to Rs 36,000, which is a 100 per cent increase.
Apart from this, if the fitment factor is kept at 2, the minimum basic pension can increase to Rs 18,000. At a fitment factor of 2.08, the minimum basic salary of central government employees will increase to Rs 37,440, which is a 108 per cent increase. Apart from this, if the fitment factor is kept at 2.08, the minimum basic pension can increase to Rs 18,720.
When will the Pay Commission Chairman be appointed?
Union Minister of State for Finance Pankaj Chaudhary said in a written reply in the Rajya Sabha on February 4 that ‘the government has approved the formation of the 8th Central Pay Commission. On the question of the appointment and timeline of the members and chairman of the new pay commission, the minister said that a decision will be taken on this at the appropriate time.
Pay Commission Timeline
However, Shiv Gopal Mishra, Secretary Staff Side NC-JCM (National Council – Joint Consultative Machinery) talked about the estimated timeline of the new pay commission in a conversation with News 24. He said that I hope the 8th Pay Commission will be constituted by February 15, 2025. The report of the commission will be finalized by November 30 and the government will review it in December for further consideration. After this, the new pay commission can be implemented in the country from January 2026.
Expenditure Secretary Manoj Goel told news portal CNBC-TV18 on Monday, February 10, that the 8th Pay Commission may begin its work from the month of April of the financial year 2025-26. According to the report, the Terms of Reference (TOR) will require a green signal from the Union Cabinet.
