8th Pay Commission: Government may give good news to central employees and pensioners on the 8th Pay Commission this month
8th Pay Commission: Finance Minister Nirmala Sitharaman had said last month that the new commission would be formed soon.
8th Pay Commission: A big news is coming out regarding the 8th Pay Commission. The government may soon give good news to the central employees and pensioners. Actually, there is news that the 8th Pay Commission can be constituted by May 2025. Let us tell you that the central government has given its approval to the most awaited 8th Pay Commission, but the official formation of the panel is still pending. Finance Minister Nirmala Sitharaman said last month that the new commission would be constituted soon. In such a situation, according to media reports, the 8th Pay Commission can be constituted by May 2025.
What is the detail
According to the report, once the panel is constituted, it will start functioning immediately. This is expected to increase both salary and pension tremendously. Due to this delay, about 36 lakh central government employees and pensioners are waiting impatiently. The government is expected to constitute the panel by the end of May, giving it enough time to implement its recommendations before the term of the current pay commission ends on January 1, 2026.
What will the 8th Pay Commission panel be like?
If we look at the previous pay commissions, each panel was headed by a chairman – usually a retired Supreme Court judge or a senior bureaucrat. Along with him, the team usually includes economists and experts on government expenditure, pensions and allowances. The main purpose of such a team is to suggest to the government how much the pay and pension should be increased, and how the dearness allowance (DA) and fitment factor should be determined.
What to expect from the 8th Pay Commission
As per estimates, the 8th Pay Commission may propose a pay hike of 40% to 50% for central employees and pensioners. This will be based on the revised fitment factor, which could be between 2.28 and 2.86. If the upper limit is approved, an employee with a basic pay of ₹20,000 could get a salary between ₹46,600 and ₹57,200. The history of pay commissions shows a steady increase in salaries. During the 5th Pay Commission, the basic salary was ₹2,750. This increased to ₹7,000 under the 6th Commission and ₹18,000 under the 7th Commission, representing an overall increase of about 554%.
Salary will be decided on this formula
The main factor in determining the new pay structure will be the fitment factor. It was fixed at 2.57 in the 7th Pay Commission. If the 8th Commission recommends increasing it to 2.86, the basic salary may increase by up to 186%. However, there has been no official confirmation from the government about the final figures. The salary hike will mainly depend on two factors-
DA merger: Merging DA into the basic salary will automatically lead to an increase.
Fitment factor: If the fitment factor is increased to 3.0, the basic salary may almost triple.
For example, if an employee’s basic salary is ₹18,000, and the fitment factor is set at 3.0, the revised basic salary may be ₹54,000. Overall, there is a possibility of an increase of 25% to 40% or more.
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