8th Pay Commission: The central government has approved the formation of the 8th Pay Commission. After this, crores of employees and pensioners of the country are waiting for a long time. However, the names of the chairperson and members of the commission have not been selected yet.
When can the 8th Pay Commission be implemented?
If the report is to be believed, the recommendations of the 8th Pay Commission can be presented at the end of the year 2025. At the same time, it is likely to be implemented from January 2026. However, the final decision will be taken by the government. At the same time, reports say that the recommendations of the commission can be implemented in the financial year 27. After this, the salary and pension of crores of employees and pensioners can increase by 30 to 34 per cent.
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Calculation of fitment factor
Experts believe that the fitment factor can be kept between 1.83 to 2.46 this time. The salary and pension of the employees are decided based on the fitment factor. If the report is to be believed, the fitment factor is likely to be kept within this range.
How is the fitment factor decided?
Suppose the salary of the employee is Rs 18,000 and the fitment factor is kept at 2.0, then the salary will reach Rs 36,000. This does not include other benefits like dearness allowance (DA), house rent allowance (HRA), which further increase the salary.
What will be the impact of the new commission?
If the chairperson, members of the new commission are appointed and the terms of reference are made, then the report is likely to be received by the end of the year 2025. After this, the cabinet will approve,e and the new commission can be implemented from the financial year. This will increase the income of government employees.