8th pay commission update: There is great news for central government employees. If you are also waiting for an increase in salary, then soon your salary is going to get a bumper increase.
Along with this, pensioners are also going to get huge benefits. A big update has been issued by the government regarding the 8th Pay Commission. If you are also waiting for the implementation of the Eighth Pay Commission, then good news has come for you.
Eighth Pay Commission will be formed
The government is soon going to set up the Eighth Pay Commission. It is believed that next year the salary of central employees can increase by more than 44 percent. Along with this, salary should be reviewed on any other formula other than the Fitment Factor. At the same time, a lot of changes can be seen in this pay commission as compared to the old commission.
There will be a bumper increase in salary
Let us tell you that the fitment factor in the Seventh Pay Commission was 2.57 times, after which the salary of the employees increased by 14.29 percent and due to this increase, the minimum salary of the employees was fixed at Rs 18,000. At the same time, under the Eighth Pay Commission, it is believed that this time the fitment factor may be 3.68 times, after which the salary of the employees may increase by 44.44 percent. At the same time, the minimum salary of the employees can directly increase from Rs 18,000 to Rs 26,000.
vaSalary may increase by Rs 26,000.
If the government sets up the Eighth Pay Commission on the same old scale, then the fitment factor will be kept on the basis of it. On this basis, the fitment of the employees can be done 3.68 times. On this basis, there can be an increase of 44.44 percent in the minimum salary of the employees. With this, the minimum salary of the employees can be Rs 26000.
When can the government implement the 8th Pay Commission?
At present, no proposal of any kind has been presented by the Central Government regarding the Eighth Pay Commission. On the other hand, if sources are to be believed, the government can introduce the Eighth Pay Commission in the year 2024 and it can be implemented in the year 2026. Let us tell you that to implement this, the Pay Commission can also be formed in the year 2024. At the same time, experts are assuming that general elections are to be held in the country, so the government can give a big gift to the employees soon.
