8th Pay Commission: In the 8th Pay Commission, the fitment factor can be made 1.92. Due to this, the minimum salary can be Rs 34,560. Apart from this, the maximum salary will also reach Rs 4.8 lakh.
8th Pay Commission: The Government of India has implemented the Unified Pension Scheme in the country from April 1, 2025. Along with this, the 8th Pay Commission can also be implemented from January 1, 2026. A lot is going to change with the new pay commission and the new pension system. Not only the salary of government employees but also their pension will see big changes. As expected, the salary of Level 1 in the new Pay Commission can be Rs 34,560 and Level 18 can be Rs 4.8 lakh. Today we will try to understand here how the Pay Commission will affect UPS.
50% pension of salary for those who work for 25 years
The Government of India implemented the New Pension Scheme in the year 2004. Since then, employees have been demanding the Old Pension Scheme. In OPS, employees did not have to contribute anything from their salary for pension. In NPS, they have to pay 10 percent of their basic pay every month for pension. In this, the government contributes 14 percent. The whole dispute was about this contribution and fixed pension. Now those who have worked for 25 years in UPS will be given 50 percent of the salary of the last 12 months as pension.
The term of the 7th Pay Commission is ending on December 31, 2025
UPS will be implemented from the next financial year. Employees included in it will start getting its benefits from 2029. To get half the pension of the salary, you will have to work for 25 years. Employees who retire before this will be given the benefit of UPS on the basis of years of service. To get a minimum pension of Rs 10,000, you will have to work for at least 10 years. On the other hand, the term of the 7th Pay Commission is ending on December 31, 2025. The government implements a new pay commission every 10 years.
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The fitment factor in the 8th Pay Commission is likely to be 1.92
Many media reports have claimed that the fitment factor in the 8th pay commission can be made 1.92. Due to this, the minimum salary can increase from the current Rs 18,000 to Rs 34,560. Apart from this, the maximum salary will also increase from Rs 2.5 lakh to Rs 4.8 lakh.
Minimum pension will be Rs 20,736 and maximum pension will be Rs 2,88,000
According to a report by Financial Express, the first batch of people recruited in 2004 will complete the 25-year retirement period by 2029. If the 8th Pay Commission is implemented on time, then at the rate of 4% dearness allowance (DA), their DA will be 20% of the basic salary by 2029. In such a situation, 20% DA on a salary of Rs 34,560 will be Rs 6,912 and their pension will be Rs 20,736. Similarly, on a salary of Rs 4.8 lakh, DA will be Rs 96,000 and their pension will be Rs 2,88,000.
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