8th Pay Commission may bring some exciting news for central government employees. There’s a possibility that the minimum basic salary, currently set at ₹18,000, could be increased to ₹51,000. If this happens, it would benefit over one crore employees. Government workers and pensioners are eagerly awaiting the announcement of the formation of the 8th Pay Commission by Prime Minister Narendra Modi’s administration. The government is considering introducing the 8th Pay Commission. If approved, the fitment factor used to calculate salaries will likely increase, leading to a rise in the basic salary. Once the 8th Pay Commission is established, it will make recommendations for salary and pension adjustments based on the current economic situation in the country. So far, the Modi government has not made any official announcement regarding the 8th Pay Commission. However, there are speculations that the government might implement a 186% increase in the minimum salary and pensions.
While there hasn’t been any official confirmation from the government yet, an announcement is expected during the upcoming central budget. If the government approves it, changes under the 8th Pay Commission could take place as early as January next year. This commission is likely to bring significant changes in salary increases and welfare measures for central employees and their families. The National Council of Joint Consultative Machinery (NC-JCM) has recommended that the salary increase be based on a proposed fitment factor of 2.86. If the central government adopts this, recent reports suggest that salaries could increase by 2.86 times.
The term fitment factor is used as a standard for recalculating salaries and pensions. Under the 7th Pay Commission, the fitment factor was set at 2.57, which raised the baseline salary from ₹7,000 to ₹18,000. If the 2.86 fitment factor is applied this time, the minimum basic salary for central employees could rise to ₹51,480. The implementation of the 8th Pay Commission will also benefit retired employees. Currently, the minimum pension is ₹9,000, based on the 2.57 fitment factor from the 7th Pay Commission. With the introduction of the updated fitment factor of 2.86, the base pension could increase to ₹25,740.
