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8th Pay Commission: Is the formation of the 8th Pay Commission being considered? govt replied in Parliament

Government employees have been waiting for a long time for the formation of the Eighth Pay Commission. The organizations representing them are also constantly raising this demand.

Now the government has clarified the situation on the formation of the Eighth Pay Commission.

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Minister of State for Finance Pankaj Chaudhary said in a written reply to a question in the Rajya Sabha that no proposal to constitute the Eighth Pay Commission is under consideration. He said, ‘Two requests have been received in June 2024 for the formation of the Eighth Central Pay Commission. At present, no such proposal is under consideration with the government.’

Usually, the Central Government constitutes a Pay Commission every 10 years to revise the salaries of government employees. The Seventh Pay Commission was constituted in February 2014. Its recommendations were implemented from January 1, 2016. Accordingly, the Eighth Pay Commission is to be implemented on January 1, 2026.

Also Read: IDFC First Bank has announced major changes in the credit card payment rules

1 crore employees will benefit from 8th pay

With the implementation of the 8th Pay Commission, about 1 crore employees will benefit. There are about 49 lakh employees and 68 lakh pensioners in this. The next pay commission will increase the fitment factor given to the employees. This will increase their salary. The fitment factor helps in calculating the salary and pay matrix of the employees.

In the 7th Pay Commission, a fitment factor of 2.57 times was introduced. This increased the minimum salary of government employees by about 14.29 percent and their basic salary became around Rs 18,000. Experts believe that in the 8th Pay Commission, the fitment factor can be around 3.68 times. If there is this much fitment factor, then the salary of the employees will increase by about Rs 8,000.

 

Pravesh
Pravesh
Pravesh Maurya, has 6 years of experience in writing Finance Content, Entertainment news, Cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @themoneyplans.com@gmail.com
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