8th Pay Commission Salary: After the approval of the 8th Pay Commission, central employees and pensioners are waiting to know what will be the fitment factor in the recommendations of the 8th Pay Commission. Let us tell you that the central government is planning to establish the 8th Central Pay Commission in December this year and there are also reports that the posts in the new commission are expected to be filled soon.
Fitment factor yet to be decided
The government has started the process of filling 42 vacancies including the post of Advisor and Chairman for the 8th Pay Commission. It is expected that after the Term of Reference (ToR) is finalized, work will begin on other aspects including deciding the fitment factor. The fitment factor is a special factor for the calculation of salary and pension.
What is the Fitment Factor?
The fitment factor is used to calculate the revised basic salary of Central Government Employees and pensioners in the new pay commission. The fitment factor decides how much increase can be made from the old salary structure to the new salary structure.
This time the employee organizations are demanding to implement the fitment factor up to 2.86. If this is implemented, then the minimum salary of the employees can increase to Rs 51,480 and the pension can increase to Rs 25,740. However, there are many complications in this. Salary does not increase just by having a high fitment factor.
Will Salary hike?
Generally, the basic salary is calculated by multiplying the minimum salary with the fitment factor. But this system does not work on salaries of all levels. However, if we talk about the fitment factor demanded in the 8th Pay Commission, it is 2.86. If the government accepts this demand, the salary of employees may increase. But there is some problem in this, to understand which it is necessary to look at the fitment factor and salary hike implemented in the previous pay commission.