8th Pay Commission latest news: There is good news for central employees. The way for his 8th Pay Commission may be clear. After the general elections in the year 2024, preparations are on for its formation. The biggest thing is that after the Sixth Pay Commission, there will be the second biggest jump in the salary of the employees. His salary can increase by more than 44 percent.
After the 8th Pay Commission, there will be a tremendous jump in salary.
There is currently no proposal on the 8th Pay Commission. The Union Minister of State for Finance has also mentioned this in the Parliament. But, sources in government departments tell that it is not right to discuss it now. Because, the time has not come for the constitution of the Pay Commission.
Its limit will start in the year 2024. It is expected that after the general elections of 2024, when the new government will be formed, a decision will be taken on this. If the Eighth Pay Commission is formed, then there can be a huge jump in the salary. It will be calculated in comparison to the previous pay commission.
Pay commission may be implemented in the year 2025-26
If it is assumed that this discussion proves correct, then the 8th Pay Commission will be formed by the end of the year 2024. At the same time, it can also be implemented by the year 2025 or 2026. There can be a tremendous jump in the salary of central government employees.
According to the sources, according to the 7th Pay Commission, there can be many changes in the 8th Pay Commission. In this, the salary will not increase on the formula of fitment factor. Rather, salary increment with any other formula can light the lamp. Also, once in 10 years, the constitution of the Pay Commission can also be changed. It can be started on the lines of every year.
Can there be salary revision every year in 8th pay commission?
After the formation of the 7th Pay Commission, there was the least increase in the minimum salary of central employees. Actually, the salary was increased according to the Fitment Factor. In this it was kept 2.57 times.
With this, the basic salary was increased to Rs 18,000. If this formula is considered as the basis, then the minimum salary will be Rs.26000 under the maximum range of fitment factor in the 8th Pay Commission. After this, salary revision of lower level employees can be done every year on performance basis. At the same time, revision of employees with maximum salary can be kept at an interval of 3 years.
In which Pay Commission, how much did the salary increase?
Salary hike of central employees in 4th Pay Commission: 27.6% done. In this, his minimum pay scale was fixed at Rs.750.
In the 5th Pay Commission, the employees got a big gift and their salary was increased by 31 percent. Due to this, his minimum wage directly increased to Rs.2550 per month.
The fitment factor was implemented in the 6th Pay Commission. This was kept at 1.86 times at that time. Due to this, the employees got the biggest hike in salary. There was an increase of 54 percent in his minimum salary. Due to this the basic salary increased to Rs.7000.
In the year 2014, 7th Pay Commission was formed. It was implemented in the year 2016. In this too, considering the fitment factor as the basis, an increase of 2.57 times was made. But, the salary increase that happened was only 14.29 percent. However, the basic salary increased to Rs 18,000. Expressing protest against this, the employees insisted on increasing the fitment. But, at present it is stable at 2.57 times.
8th Pay Commission, how much will the salary increase?
Now let’s talk about the formation of the 8th Pay Commission. If the government sets up the Eighth Pay Commission on the old scale, then the fitment factor will be kept on the basis of it. On this basis, the fitment of the employees can be done 3.68 times. On this basis, the minimum wage of the employees can be increased by 44.44%. With this, the minimum salary of the employees can be Rs 26000.
Will 8th pay commission come or not?
Now the question is when will the 8th pay commission be formed? At present there is no such proposal. Minister of State for Finance Pankaj Chowdhary also categorically denied this in the Lok Sabha. However, if sources are to be believed, the Pay Commission will be formed when the time comes.
But, now the government has time to consider the new scale of salary hike. That’s why ways are being searched for this. Experts believe that general elections are to be held in the year 2024. In such a situation, the government would not want to anger the employees. But, it is not correct to say that the next pay commission will not come.