Ahead of the official announcement on the 8th Pay Commission, media reports indicate that central government employees can expect a significant 186% increase in their minimum salaries. Under the current 7th Pay Commission, employees receive a minimum basic salary of Rs 18,000 per month, a significant increase from the Rs 7,000 offered under the 6th Pay Commission.
8th Pay Commission: What To Expect?
Shiv Gopal Mishra, Secretary of the National Council of Joint Consultative Machinery, expects the new Pay Commission to introduce a fitment factor of “at least 2.86”, which would significantly impact salary and pension revisions. The proposed fitment factor of 2.86 is 29 basis points higher than the 2.57 factor used in the 7th Pay Commission.
As per media reports, if the government greenlights the 2.86 fitment factor, government employees’ minimum salary will skyrocket by 186% to Rs 51,480, a significant increase from the current Rs 18,000. Setting the fitment factor at 2.86 would result in a significant pension hike for central government employees, rising from Rs 9,000 to Rs 25,740.
When To Expect?
As the 7th Pay Commission approaches the completion of its decade-long tenure, expectations surrounding the formation of the new one are intensifying. However, the government hasn’t yet made any official announcements regarding the timeline for establishing the 8th Pay Commission.
According to media reports, the announcement of the 8th Pay Commission is likely to be made in the upcoming Budget 2025-26. The National Council of the Joint Consultative Machinery’s meeting in December will bring clarity on the formation of the 8th Pay Commission.
The establishment of a pay commission signifies the initiation of a review process aimed at revising the basic salaries of government employees. Meanwhile, after its formation, the commission’s main responsibility is to interact with all stakeholders, collect relevant data and feedback, and submit its findings to the government in a detailed report.
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