The 8th Pay Commission has become a topic of discussion among government employees. Under this commission, many big decisions are likely to be made for both government employees and pensioners. These decisions will mainly focus on their salaries.
Earlier, the dearness allowance of government employees was calculated based on the Consumer Price Index (CPI). Now, in the same way, calculations are being done regarding the basic salary under the 8th Pay Commission.
8th Pay Commission: What Is Being Estimated?
Under the 7th Pay Commission, the fitment factor was around 2.57. Based on this, the basic salary of government employees was set at ₹18,000. Now, it is being said that if the fitment factor is increased under the 8th Pay Commission, then the basic salary will also rise.
According to some estimates, if the fitment factor becomes 2.86 or more, the basic salary of government employees may increase up to three times. In this case, the basic salary could rise from ₹18,000 to around ₹51,000.
However, this is only an estimate. The government or any related department has not yet confirmed the new fitment factor or given any official update.
Purpose and Expectations of the 8th Pay Commission
The Pay Commission is formed every 10 years to review the salaries, allowances, and pensions of government employees and pensioners. About 50 lakh government employees and 65 lakh pensioners are expected to benefit from the 8th Pay Commission.
It is expected that the 8th Pay Commission will raise the basic salary. Some reports suggest that the basic pay may increase from ₹18,000 to ₹26,000. But so far, no official confirmation has been made.