The central government has approved the formation of the 8th Pay Commission for government employees and pensioners. This will potentially benefit millions of people. The Narendra Modi-led government implemented the 7th Pay Commission in January 2016. Its recommendations will end on 31 December 2025. Earlier, the tenure of the 4th, 5th and 6th Pay Commissions was 10 years.
The central government has approved the formation of the 8th Pay Commission for government employees and pensioners. This will potentially benefit millions of people. The Narendra Modi-led government implemented the 7th Pay Commission in January 2016. Its recommendations will end on December 31, 2025. Earlier, the tenure of the 4th, 5th and 6th Pay Commissions was 10 years.
How much will the salary increase after the 8th Pay Commission
After the implementation of the 8th Pay Commission, there may be a bumper increase in the salary of central employees. According to reports, this time the fitment factor can be fixed at least 2.86. If this happens, the minimum basic salary of the employees will also increase. It can be Rs 51,480. Currently the minimum basic salary is Rs 18,000. Pensioners will also get similar benefits. Their minimum pension can increase from Rs 9,000 to Rs 25,740.
How much did the salary increase when the 7th Pay Commission was implemented
After the formation of the 7th Pay Commission, the minimum salary of central employees was increased the least. In this, the salary was increased according to the Fitment Factor, which was kept at 2.57 times. This made the basic salary Rs 18,000. If this formula is considered as the basis, then in the 8th Pay Commission, the minimum salary will be Rs 26,000 under the maximum range of the Fitment Factor.
What is the Fitment Factor?
The fitment factor is actually a formula used to increase the salary and pension of government employees and pensioners. On this basis, salary is increased at different levels. However, allowances are not added to it.
How did the salary of central employees increase?
- In the 4th Pay Commission, the salary increase of central employees was 27.6 percent. In this, the minimum salary was fixed at Rs 750.
- In the 5th Pay Commission, a big increase of 31 percent was made in the salary. Due to this, the minimum salary of central employees directly increased to Rs 2,550 per month.
- The fitment factor was implemented in the 6th Pay Commission. Then it was kept at 1.86 times. Due to this, the employees got the biggest jump in salary. Their minimum salary increased by 54 percent and the basic salary increased to Rs 7000.
- The 7th Pay Commission was formed in the year 2014. Taking the fitment factor as the basis, an increase of 2.57 times was made. But, the salary increase was only 14.29 percent.
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