Preparations for 8th Pay Commission begin! Know the key updates

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8th Pay Commission– Amid the news of the 8th Pay Commission, there is relief news for pensioners. If the government implements the new fitment factor, there can be a big increase in pension. Currently, the amount received by pensioners is based on the fitment factor of 2.57. But if the new fitment factor is 1.92 or 2.28, then the pension can increase by almost two times.

Pensioners with grade pay of Rs 2000

The current pension of pensioners who have retired on grade pay of Rs 2000 is around Rs 13,000. If the fitment factor of 1.92 is applied, then their pension can increase to Rs 24,960. At the same time, level 3 pensioners can get a pension of Rs 27,040 on the basis of fitment factor 2.28. Those whose pension is currently Rs 16,000 are also likely to get Rs 30,720.

Pensioners with grade pay of 2800

The current pension of employees retired on grade pay of Rs 2800 is Rs 15,700. According to the new pay commission and fitment factor 1.92, it can increase to Rs 30,140. If fitment factor 2.28 is implemented, the pension can reach Rs 32,656. The minimum pension of level 5 pensioners can be Rs 39,936 (1.92 factor) and Rs 43,264 (2.28 factor).

Pensioners with grade pay of Rs 4200

The current pension of level 6 employees who retired on grade pay of Rs 4200 is around Rs 28,450. If the fitment factor of 1.92 is applied, then this pension can increase to Rs 54,624. At the same time, this pension can reach up to Rs 59,176 on a fitment factor of 2.28.

Pension will increase

If the central government implements the 8th Pay Commission and the fitment factor is revised, pensioners can get a big benefit. This will benefit lakhs of retired employees and their families. Now everyone’s eyes are fixed on the government’s decision.

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About the Author

Sweta Mitra

Working in the media for last 7 years. The journey started in the year 2018. For the past few years, my working experience has been in Bengali media. Currently working at Timesbull.com. Here I write like Business, National, and Utility News. My favorite hobbies are listening to music, traveling, food,...

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SwetaMitra@timesbull.com Author at TimesBull TimesBull
Working in the media for last 7 years. The journey started in the year 2018. For the past few years, my working experience has been in Bengali media. Currently working at Timesbull.com. Here I write like Business, National, and Utility News. My favorite hobbies are listening to music, traveling, food, and books. For feedback - timesbull@gmail.com
Sweta Mitra - Author at TimesBull
About the Author

Sweta Mitra

Sweta Mitra - Author at TimesBull

Working in the media for last 7 years. The journey started in the year 2018. For the past few years, my working experience has been in Bengali media. Currently working at Timesbull.com. Here I write like Business, National, and Utility News. My favorite hobbies are listening to music, traveling, food,...

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