8th Pay Commission latest news: There is good news for central employees. The way for his 8th Pay Commission may be cleared. There are preparations for its formation after the general elections in the year 2024. There will be the second biggest jump in the salaries of employees after the Sixth Pay Commission.
8th Pay Commission latest news: There is relief news for central employees. There may be a big increase in their minimum salary. The amazing thing is that on one side there is discussion that the 8th Pay Commission will not come. At the same time, now it has gained momentum that the biggest increase in the salary of employees will take place at the time of 8th Pay Commission. And this increase can be even bigger than the increase in the Sixth Pay Commission. If sources are to be believed, there may be a discussion on the formation of Pay Commission after the general elections. But, it is certain that the matter is moving forward.
8th Pay Commission: There will be a huge increase in salary
At present there is no proposal on 8th Pay Commission. This has also been mentioned in Parliament. But, sources in government departments say that it is not right to discuss this right now. Because, the time has not come to constitute the Pay Commission. It is being speculated that a decision on this may be taken when the new government is formed after the general elections of 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.
8th Pay Commission: Will have to wait for 2025-26
Employees may have to wait till 2025 or 2026 for the formation of the 8th Pay Commission. There may be a huge jump in the salaries of central government employees. If sources are to be believed, there may be many changes in the 8th Pay Commission as compared to the 7th Pay Commission. In this, salary will not increase on the formula of fitment factor. Rather, salary increment can be given through some other formula. Also, the composition of the Pay Commission can also be changed once in 10 years. It can be started on the lines of every year.
8th pay commission: Will there be salary revision every year?
After the formation of the 7th Pay Commission, there was the least increase in the minimum salary of central employees. Actually, the salary was increased according to the fitment factor. In this it was kept at 2.57 times. With this the basic salary was increased to Rs 18000. If this formula is considered as the basis, then the minimum salary under the maximum range of fitment factor in the 8th Pay Commission will be Rs 26000. After this, salary revision of lower level employees can be done every year on performance basis. At the same time, revision of employees with maximum salary can be done at an interval of 3 years.
How much salary increased in which Pay Commission?
Salary increase of central employees in 4th Pay Commission: 27.6%. In this, his minimum pay scale was fixed at Rs 750.
In the 5th Pay Commission, the employees got a big gift and their salary was increased by 31 percent. Due to this, their minimum wage directly increased to Rs 2550 per month.
Fitment factor was implemented in the 6th Pay Commission. At that time it was kept at 1.86 times. Due to this, the employees got the biggest hike in salary. Their minimum salary increased by 54 percent. Due to this the basic salary increased to Rs 7000.
7th Pay Commission was formed in the year 2014. It was implemented in the year 2016. In this too, considering the fitment factor as the basis, it was increased by 2.57 times. But, the salary increase that took place was only 14.29 percent. However, the basic salary increased to Rs 18000. The employees protested against this and insisted on increasing the fitment. But, at present it is stable at 2.57 times.
8th Pay Commission: How much will the salary increase?
Now let us talk about the formation of the 8th Pay Commission. If the government constitutes the Eighth Pay Commission on the same old scale, then the fitment factor will also be kept as its basis. On this basis, fitment of employees can be increased 3.68 times. On this basis, the minimum wage of employees may increase by 44.44%. With this, the minimum salary of the employees can be Rs 26000.
The biggest question – will the 8th Pay Commission come or not?
Now the question is when will the 8th Pay Commission be constituted? There is no such proposal in the current situation. Minister of State for Finance Pankaj Chaudhary had also clearly denied this in the Lok Sabha. However, if sources are to be believed, the Pay Commission will be formed when the time comes. But, the government still has time to consider the new scale of salary increase. Therefore, methods are being found for this. Experts believe that general elections are to be held in the year 2024. In such a situation, the government would not want to upset the employees. But, it is not right to say that the next pay commission will not come.
