8th Pay Commission Salary Hike: Central employees and pensioners are now eagerly waiting for the implementation of the 8th Pay Commission. It is believed that the government can implement it soon. It is expected that the government can implement it by January 1, 2027. As soon as the 8th Pay Commission is implemented, there will be a bumper increase in the salary of central employees.
The measure of increasing the salary will be the fitment factor. The government had earlier implemented the Seventh Pay Commission on January 1, 2016, which saw a strong increase in the salary. The fitment factor for the upcoming pay commission has not been decided yet, which can be done soon. You can know the important things related to it below.
Know what is the fitment factor?
As soon as any new pay commission is implemented, the fitment factor plays a big role, because it is the only way to see a bumper increase in the salary. It is used to calculate the revised basic salary of central government employees and pensioners. The fitment factor decides how much increase can be made from the old salary structure to the new salary structure. You can understand its calculation below, which will end all the confusion.
Understand the calculation
New basic salary = Old basic salary x fitment factor
Let us tell you that at the time of the 7th Pay Commission, the fitment factor was fixed at 2.57. If an employee was getting basic salary from the 6th Pay Commission, then his salary will be different from the 7th Pay Commission. Rs 15,000 × 2.57 = Rs 38,550.
This much fitment factor can be obtained
For information, let us tell you that after the 8th Pay Commission, the fitment factor is likely to be fixed between 1.92 to 2.86. This will lead to a bumper increase in the basic salary of central employees. If the basic salary of an employee is Rs 25,000, then his new basic salary after using the fitment factor of 2.86 under the 8th Pay Commission will be: Rs 25,000 × 2.86 = Rs 71,500.