8th Pay commission a big relief for Govt employee and pensioners. All the government employees are waiting for the pay commission to start so that it will become easier to run our household in this inflation-ridden life. Those Government employees who were waiting for 8th Pay Commission for so long, now their wait is over because the Union Minister has finalized the announcement of 8th Pay Commission.
How much will the salary of govt employees increase ?
The government has not yet finalized how much salary increase will happen during this 8th Pay Commission. According to the rumours, the salary of those whose basic salary is Rs 18000 will increase to around Rs 45000. But nothing is confirmed yet, this is just a rumoured report, it will be confirmed with time as to how much the salary will increase.
what is pay commission ?
Pay Commission is a facility provided by the government to the government employees in which salary increment is given every ten years keeping in view the inflation. It will make recommendations for changes in the salary, dearness allowance and pension of central government employees, retired and pensioners. Allowances will also be added according to inflation in this.
When will 8th pay commission be implemented ?
According to media reports, it is being said that the 8th Pay Commission may be constituted at the end of 2026 or it may take time till the beginning of 2027. When the 7th Pay Commission was implemented, the fitment factor decided by the Government was 2.57, according to which there was a substantial increase in the salaries of employees and pension of pensioners. Similarly, something similar is expected from the 8th Pay Commission.
The 7th Pay Commission was approved by Dr. Manmohan Singh’s government in the year 2014. But it was implemented on 1 January 2016. During this time the commission submitted its report to the government, then approval was taken from the cabinet and then it was implemented.
Conclusion
This news about the 8th Pay Commission is being discussed a lot these days but the thing that has garnered the most headlines right now is the fitment factor. In fact, since the announcement of the panel, there has been speculation that the fitment factor could be increased to 2.86 from 2.57 in the 7th Pay Commission. At the time of 7th Pay Commission, the basic salary increased from Rs 7000 to Rs 18000. Which was an increase according to the fitment factor of 2.57
Disclaimer
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