8th Pay Commission: Central govt employees' basic pay set to increase to Rs 51,000
Nearly 4.9 million central government employees and 6.5 million pensioners are expected to benefit from the 8th Pay Commission. Potential increases range from 25% to 35% for salaries, along with allowances and gratuity.
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 "Central Government Employees")
Central Government Employees
Nearly 4.9 million central government employees and 6.5 million pensioners will directly benefit from this initiative.
8th Pay Commission
Salary Increase - The 8th Pay Commission is expected to increase central government employees' salaries by 25% to 35%.
Employee Salary and Pension Evaluation
The main objective of the 8th Pay Commission is to evaluate government employee salaries and pensions based on the current economic situation and inflation rate.
Pensioner Allowances
The 8th Pay Commission is a significant step towards increasing the salaries, allowances, and gratuity of government employees and pensioners.
Fitment Factor
If the fitment factor in the new pay commission increases to 2.86, the minimum basic salary could reach Rs 51,000.
Gratuity Amount
It is believed that if the fitment factor of the 8th Pay Commission increases from 2.57 to 2.86, the gratuity amount could reach Rs 12.56 lakh.
Dearness Allowance
This could lead to a significant change in allowances such as Dearness Allowance and Travel Allowance.
7th Pay Commission
The fitment factor for the 7th Pay Commission was 2.57, which increased the minimum basic salary from Rs 18,000 to Rs 46,600.
Retirement Benefits
It is reported that retirement benefits for pensioners may be increased by about 30%. The tenure of the 7th Pay Commission will end in 2026. As a result, the formation of the 8th Pay Commission has become essential.
