look news india
The Central Government approved the Eighth Central Pay Commission earlier this year. This commission will start work even before the completion of the term of the Seventh Pay Commission. Although the government has not yet announced the names of the chairman and members of this commission, it is expected that it may be formally announced next month.
How will salary increase?
Under the new Pay Commission, Fitment Factor will be decided to increase the salary of central employees. According to media reports, this fitment factor in the 8th Pay Commission can be 2.86. With this, the minimum salary of central employees can increase from Rs 18,000 to Rs 51,480.
What is a fitment factor?
The fitment factor is a multiplier used to determine the salary and pension of government employees. While determining this, important aspects like inflation rate, demand of employees and economic conditions are taken care of. The Pay Commission recommends deciding this factor.
Which employees will be benefited?
If the fitment factor of 2.86 is implemented in the 8th Pay Commission, then especially level-8 category employees like Senior Section Officer, Assistant Audit Officer and Managing Audit Officer will benefit greatly.
Currently, the salary of these employees under the Seventh Pay Commission is Rs 47,600 per month. After the recommendations of the new Commission are implemented, their salary can be around Rs 1,36,000 per month. That is, the salary of these employees is expected to increase a huge increase of about Rs 88,000.
