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8th Pay Commission: Recently, under the 7th Pay Commission, Dearness Allowance (DA) of Central Government employees and Dearness Relief (DR) of pensioners were increased by 3 percent. On October 16, the Union Cabinet had approved this increase, which will be effective from July 1, 2024. After this update, DA of central employees will be 53 percent of the basic salary. After the decision of the Central Government, State Governments are also announcing increase in DA and DR for their employees and pensioners.
Now central government employees and pensioners are eagerly waiting for the news of the 8th Pay Commission. Traditionally a new pay commission is brought every 10 years. It has been 10 years since the 7th Pay Commission was implemented in the country. The Government of India constituted the 7th Central Pay Commission (CPC) on 28 February 2014.
Will this be announced in Budget 2025?
It is expected that a decision regarding the 8th Pay Commission can be taken soon. However, no official announcement has been made in this regard yet. It is possible that when the Union Budget 2025 is presented in February next year, the 8th Pay Commission may be announced. After the arrival of the new pay commission, the salary of government employees and pension of pensioners may increase further. Let us tell you that the increase in salary is decided keeping in mind inflation and other economic factors.
How much salary and pension can increase with the 8th Pay Commission?
There is speculation that the government may revise the salaries and pensions of central employees based on the fitment factor of 3.68. However, the same demand was made during the 7th Pay Commission, but ultimately the fitment factor was set at 2.57. According to some reports, the pay matrix for the 8th Pay Commission can be prepared using a fitment factor of 1.92.
In such a situation, if the recommendations of the 8th Pay Commission are implemented, then the minimum salary of central government employees can increase from Rs 18,000 to about Rs 34,560, i.e. an increase of about 92 percent. The minimum pension of pensioners may increase to Rs 17,280.
According to reports, there will be a meeting of the Joint Consultative Mechanism (JCM) in the month of November. This forum helps in resolving disputes between the government and employees. The JCM National Council is chaired by the Union Cabinet Secretary and comprises representatives of recognized staff unions and service associations. It is possible that after this meeting, some concrete information regarding the 8th Pay Commission may emerge.