The good news brings good tidings for the government employees and pensioners. The latest news is regarding the 8th Pay Commission. Recently, the Secretary of the National Council (Joint Consultative Machinery – JCM) stated that a fitment factor should be at least 2.86. If that happens, a huge hike in minimum salary may happen among the government employees.
How Much Increase Salary Get By This Increased Fitment Factor?
The fitment factor has direct impact on salary. Fitment factor in 7th Pay Commission was 2.57x and minimum basic pay was stopped at ₹ 18,000. But if the fitment factor increases by 2.86 or more in accordance with 8th Pay Commission, then there will be vast increase in minimum salaries. Fitment factor increases to 3x possible then the salary of employees doubles and can reach three times.
- Present – 2.57x 18,000
- Potential – 2.86x 51,480
- Potential – 3.00x 54,000
Government’s Stand On The 8th Pay Commission
The government has not officially declared the formation of the 8th Pay Commission, though. A pay commission is usually instituted every 10 years. The last pay commission was set up in 2016, so it is most likely that the next commission would be set up by 2026. Nevertheless, employee organizations have been holding continuous protests and demands for its timely implementation.
Shall DA Also Be Enjoyed By Pensioners?
It will also be fruitful to pensioners if 8th Pay Commission is granted. It may also be included in Dearness Allowance (DA) adjustments. The current DA is at 53 percent and is expected to increase to 55 percent by March 2025.
Also Read : DA Hike In March: 1 Crore Central Employees Get The Gift Of DA, Salary Will Increase