8th Pay Commission Latest Update: Biggest increase in the minimum salary of central government employees, salary will increase by this much
8th Pay Commission: The government has approved the formation of the 8th Pay Commission to revise the salaries, pensions and allowances of central government employees and pensioners. According to reports, the minimum basic salary may increase from Rs 18,000 to this much on the basis of the fitment factor-
News, Digital Desk- (8th Pay Commission) The Union Cabinet chaired by Prime Minister Narendra Modi has approved the formation of the 8th Pay Commission to revise the salaries, pensions and allowances of central government employees and pensioners.
This important announcement has been made just before the budget 2025. Union Minister Ashwini Vaishnav confirmed this decision. The formation of this commission will bring relief to lakhs of employees and pensioners. (employees update)
What is the 8th Pay Commission?
This commission will make recommendations for revision of salary, dearness allowance and pension of central government employees and retirees. It will also consider adding allowances in line with inflation, so that their financial benefits can be adjusted with inflation.
How much will the salary increase?
Right now the government has not given any official percentage of salary hike. But, according to reports, based on the fitment factor, the minimum basic salary can increase from Rs 18,000 to Rs 51,480.
What is fitment factor?
This is a multiplier, on the basis of which salary and pension are calculated. It includes factors like inflation, financial condition of the government and the needs of the employees.
Who will get the benefit?
- - About 50 lakh central government employees (including defence personnel).
- - About 65 lakh pensioners (including defence retirees).
When will the 8th pay commission be implemented?
According to reports, this commission will be formed by 2026 and its recommendations are expected to be implemented from January 1, 2026.
What is the work of the Pay Commission?
This commission, which is formed every 10 years, reviews the salaries, allowances, pension and bonus of government employees. It sends its recommendations to the government keeping in mind inflation, the country's economic condition and the government treasury.
There have been 7 pay commissions before as well-
Since 1946, 7th Pay Commission has been established, out of which the recommendations of the 7th Pay Commission are applicable from 2016.
The new move of the Modi government will further this 10-year cycle, which will provide great relief to government employees and pensioners. Now it remains to be seen what effect the recommendations of the commission have on the pocket of the common man.