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Home>>Business>>8th Pay Commission: Minimum Salary Set To Cross Rs 50,000! Here’s How It Works
Business

8th Pay Commission: Minimum Salary Set To Cross Rs 50,000! Here’s How It Works

international media news
December 1, 2024 70 Views0

The 8th Pay Commission has been generating significant buzz and speculation in recent times. As the 7th Pay Commission’s term concludes, anticipation is building for the establishment of the 8th Pay Commission. However, the government has remained tight-lipped about the formation of the new commission. This leaves many wondering about the future of pay structures for government employees.

According to various media reports, the government is likely to announce the establishment of the 8th Pay Commission in the forthcoming 2025-26 Union Budget. Notably, the Confederation of Central Government Employees and Workers has taken a cautious stance, opting to adopt a “wait and watch” approach regarding the formation of the new Pay Commission.

Minimum Salary Set To Cross Rs 50,000!

Shiv Gopal Mishra, Secretary of the National Council of Joint Consultative Machinery, has recently hinted that the upcoming Pay Commission may introduce a fitment factor of “at least 2.86”. If the government approves the proposed 2.86 fitment factor, central government employees may witness a significant 186% hike in their minimum salary, jumping from the current Rs 18,000 to Rs 51,480.

Furthermore, applying the same fitment factor, the minimum pension for central government employees is likely to see a substantial rise from Rs 9,000 to Rs 25,740.

Central government employees’ minimum basic pay has seen a significant boost, currently standing at Rs 18,000 per month under the 7th Pay Commission framework. Additionally, this represents a substantial hike from the Rs 7,000 minimum pay specified in the 6th Pay Commission.

What Is A Pay Commission?

The Pay Commission is a government-appointed body responsible for reviewing and recommending revisions to the salary structure of central government employees. Typically, formed every decade, pay commissions have been a regular feature since the establishment of the first pay commission in 1946. The most recent pay commission was constituted in 2014, and its recommendations were implemented in 2016.

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