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8th Pay Commission: There is a good news for central employees. His fitment factor may increase in the 8th Pay Commission. Salary and pension of employees are calculated on the basis of fitment factor. According to the recommendations of the 7th Pay Commission, currently this fitment factor is 2.57 times. However, in the 8th Pay Commission it can be increased to 2.86 times. Shiv Gopal Mishra, Secretary (Staff Side) of the National Council of Joint Consultative Machinery (JCM) has indicated this.
Speaking to a news channel, Shiv Gopal Mishra said that a fitment factor of “at least 2.86” is expected for the next round of pay and pension revision. “We are considering a fitment factor of at least 2.86 as such revision happens only once in 10 years,” he said. We will demand this after the formation of the 8th Pay Commission.”
What is fitment factor?
Fitment factor plays the most important role in determining the salary and pension of central employees. The total salary of employees is calculated by multiplying their basic salary by the fitment factor. For example, if the basic salary of a central employee is Rs 20,000, it will be multiplied by the fitment factor to calculate his total salary excluding allowances. For example, if the fitment factor is currently 2.57 times, the employee’s salary will be Rs 20,000 x 2.57 = Rs 51,400.
In such a situation, it is obvious that if the fitment factor increases then the salary of the central employees will also increase and they will get direct benefits. Central employees have been demanding to increase the fitment factor for a long time.
When will the 8th Pay Commission be formed?
At present no official statement has come on this yet. Generally, Pay Commission is constituted once in 10 years. This commission makes recommendations for changes in the salaries and pensions of central government employees and retirees. The last Pay Commission i.e. 7th Pay Commission was constituted in February 2014 by the then Manmohan Singh led government.