Pension in 8th Pay Commission: The government has approved the 8th Pay Commission and along with the increase in the salary of the employees, the pension will also increase after retirement. Do you know how much the pension will increase after the implementation of the 8th Pay Commission?
Modi government has approved the 8th Pay Commission, giving the biggest gift of the new year to about 1.25 crore central employees and pensioners. The current 7th Pay Commission will expire in January 2026 and the 8th Pay Commission will be implemented immediately after that. The new Pay Commission will benefit the employees as well as the pensioners. After the 8th Pay Commission is implemented, the pension of the retiring employees will also increase a lot.
Whether it is the salary of the employees or the pension received after retirement, all are determined only after the fitment factor. Every time the government implements the Pay Commission, it also applies the fitment factor, which tells how much the salary of the employees will actually increase. This fitment factor also determines how much the amount received after retirement will increase.
How much did the minimum pension increase in the 7th Pay Commission
When the 7th pay was about to be implemented, the employees had demanded that the fitment factor be 3.68 and the salary be revised on this basis. However, the government did not accept this demand and implemented a fitment factor of 2.57. This was the reason that the minimum basic salary in the 7th Pay Commission increased from Rs 7,000 to Rs 18,000. Like the salary, the pension also increased, which after the implementation of the 7th Pay Commission increased from Rs 3,500 to a minimum of Rs 9,000.
What was the maximum salary and pension
After the implementation of the 7th Pay Commission, the salary and pension of the employees increased by 2.57 times. In this sense, the maximum basic salary also increased to Rs 2.5 lakh. This increase happened after applying the fitment factor of 2.57. If seen from this perspective, the maximum pension in the 7th Pay Commission has also been increased to Rs 1.25 lakh.
How much will the pension increase in the 8th Pay Commission
This time the employee organizations have demanded 2.86 percent for the fitment factor, but it is believed that a fitment of 1.92 will be considered. If the government implements this fitment, then the minimum salary can increase from Rs 18 thousand to Rs 34,560. Similarly, the pension will also increase by Rs 9 thousand to Rs 17,280. But, if the fitment factor of 2.86 is implemented, then the minimum salary of the employees will increase from Rs 18 thousand to Rs 51,480. Similarly, if the same fitment factor is applied to the pension, then it will increase from Rs 9 thousand to Rs 25,740.
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