8th Pay Commission: After the new pay commission comes, the salary of government employees and the pension of pensioners may increase further.
It is possible that the 8th Pay Commission may be announced in February next year when the Union Budget 2025 is presented. The increase in salary is decided keeping in mind inflation and other economic factors.
8th Pay Commission: Recently, under the 7th Pay Commission, the Dearness Allowance (DA) of central government employees and Dearness Relief (DR) of pensioners were increased by 3 percent. On October 16, the Union Cabinet approved this increase, which will be effective from July 1, 2024. After this update, the DA of central employees will become 53 percent of the basic salary. After the decision of the central government, state governments are also announcing an increase in DA and DR for their employees and pensioners.
Now central government employees and pensioners are eagerly waiting for the news of the 8th Pay Commission. Traditionally, a new pay commission is introduced every 10 years. It has been 10 years since the 7th Pay Commission was implemented in the country. The Government of India constituted the 7th Central Pay Commission (CPC) on February 28, 2014.
Will it be announced in Budget 2025?
It is expected that a decision can be taken soon regarding the 8th Pay Commission. However, no official announcement has been made about it yet. It is possible that the 8th Pay Commission may be announced in February next year when the Union Budget 2025 is presented. After the new Pay Commission comes, the salary of government employees and the pension of pensioners may increase further. Let us tell you that the increase in salary is decided keeping in mind inflation and other economic factors.
How much salary and pension can increase with the 8th pay commission
There is speculation that the government may revise the pay and pension of central employees based on a fitment factor of 3.68. Although the same demand was made during the 7th Pay Commission, the fitment factor was finally set at 2.57. According to some reports, the pay matrix for the 8th Pay Commission may be prepared using a fitment factor of 1.92.
In such a situation, if the recommendations of the 8th Pay Commission are implemented, the minimum salary of central government employees can increase from Rs 18,000 to about Rs 34,560, that is, an increase of about 92 percent. The minimum pension for pensioners can increase to Rs 17,280.
According to reports, a Joint Consultative Machinery (JCM) meeting will be held in the month of November. This platform helps in resolving disputes between the government and employees. The JCM National Council is headed by the Union Cabinet Secretary and includes representatives of recognized employee unions and service associations. It is possible that after this meeting some concrete information will come out regarding the 8th Pay Commission.
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