Currently, over one crore government employees and pensioners are waiting for the announcement on the formation of the 8th Pay Commission.
8th Pay Commission Latest News: A day after PM Modi took oath of office, media speculations started yet again regarding the formation of the 8th Central Pay Commission that will impact the salary package of approximately 49 lakh government employees and 68 lakh pensioners. At this time, over one crore government employees and pensioners are waiting for the announcement on the formation of the 8th Pay Commission.
However, the central government has not made any formal announcements yet on formation and implementation of the 8th Pay Commission. The Centre in December last year clarified that there were no plans to establish the 8th Central Pay Commission. Now that the Lok Sabha Elections 2024 is over, there is a strong possibility that the government may take a decisive step towards formation of the 8th Pay Commission. After the new pay commission is formed, it usually takes 12-18 months to submit its recommendations.
A report by Financial Express claimed that the 8th Pay Commission is likely to be implemented from January 2026. In earlier trends, the central government has implemented a new pay commission every 10 years. The 7th Pay Commission was implemented in January 2016 and the first Pay Commission in India was implemented in January 1946.
How Much of a Salary Hike Can Govt Employees Expect from the 8th Pay Commission?
If the 8th Pay Commission is implemented, it is likely to benefit approximately 49 lakh government employees and 68 lakh pensioners. Once it is implemented, it is expected that their remuneration will be revised with an increase in the fitment factor under the 8th Pay Commission.
Some reports suggest that the fitment factor is likely to be set at 3.68 times and with basic salary of government employees at Rs 18,000, the increase in the fitment factor will help in basic pay to increase from Rs 8,000 to Rs 26,000.
What Is Fitment Factor?
The Central government employees must note that the fitment factor is a key formula that helps the salary revision and pay matrix of the Central government employees under the 8th Pay Commission. The primary role of the fitment factor is to adjust the current 7th CPC Pay in alignment with the proposed 8th CPC Pay Scale.
After the 8th pay commission is implemented, the 8th Pay Commission is expected to address salary disparities among different employee groups.
Government Employees to Enjoy New Perks with 8th Pay Commission
After implementation, the 8th Pay Commission will help government employees to get other benefits, including revised pay scales and retirement benefits.