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Home>>Business>>8th Pay Commission: New Salary For Central Govt Employees To Fitment Factor – What All We Know?
Business

8th Pay Commission: New Salary For Central Govt Employees To Fitment Factor – What All We Know?

international media news
December 3, 2024 65 Views0

The 8th Pay Commission is sparking the intense speculation and discussion in the country. With the 7th Pay Commission nearing its end, anticipation is building for the establishment of a new Pay Commission. The government’s silence on establishing the new Pay Commission has sparked anticipation among Central government employees, who are eagerly awaiting an official announcement.

According to several media reports, the government might announce the formation of the 8th Pay Commission in the upcoming Union Budget of 2025-26. However, the Confederation of Central Government Employees and Workers has adopted a “wait and watch” approach regarding the formation of this new Pay Commission.

8th Pay Commission: Central Govt Employees To Fitment Factor – All Details

It’s too early to predict about a potential salary increase for central government employees. Shiv Gopal Mishra, Secretary of the National Council of Joint Consultative Machinery, has hinted that the upcoming Pay Commission may introduce a fitment factor of “at least 2.86”. If the government gives a go ahead to this then the central government employees may see their minimum salary jump by 186% to Rs 51,480 from the current Rs 18,000.

It is worth noting that at the same fitment factor, the minimum pension for these employees is likely to see a substantial hike from Rs 9,000 to Rs 25,740. Additionally, beyond salary and pension revisions, the government is also expected to revisit and adjust the dearness allowance (DA) and dearness relief (DR), as well as other benefits, to ensure they are aligned with the new basic salary framework.

Notably, the government appoints the Pay Commission to review and propose revisions to the salary framework for central government employees.

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