North India Statesman
[ad_1]
New Delhi. A very exciting news is coming for crores of central employees and pensioners of the country. After a long wait, now the government’s preparations for the 8th Pay Commission have intensified. According to the recent update, the terms of reference (terms of work) of the Eighth Pay Commission have also been prepared by the government. If sources are to be believed, when this commission is implemented, there may be an unprecedented jump in the salary of the employees, due to which the minimum basic salary may reach around Rs 71,500.
Let us understand how this will be possible and what is the complete salary calculation.
How will your new salary be decided? Understand the game of fitment factor
All the mathematics of increase in salary of central employees fitment factor It rests on. This is a multiplier, by which your existing basic salary is multiplied to decide the new basic salary.
- In 7th Pay Commission: The fitment factor was 2.57 times. That means if your basic salary was Rs 10,000, then it increased to Rs 25,700.
- In 8th Pay Commission (likely): According to sources, this time the fitment factor can be increased to 2.86 times.
Let us understand with an example:
If the existing minimum basic salary of an employee under the 7th Pay Commission Rs 25,000 Is.
If fitment factor in 8th pay commission 2.86 If it is decided, his new basic salary will be:
Rs 25,000 x 2.86 = Rs 71,500
This is a tremendous increase, which can bring a big change in the standard of living of the employees.
Bank employees will not get direct benefits, know why?
Lakhs of people in the country work in government banks and it is often believed that their salaries also increase under the Pay Commission. But, this is a big misconception.
Employees of public sector banks do not directly come under the purview of the Pay Commission of the Central Government. Determination of their salary and pension Indian Banks Association (IBA) and between bank unions Bipartite Settlement Is done on the basis of. Therefore, they will not get the direct benefit of the 8th Pay Commission. However, bank unions have been demanding for a long time that they should also be included in a common pay framework to give them the benefit of pay hike in future like government employees.
When will the 8th Pay Commission be implemented?
The government, under the chairmanship of the 8th Pay Commission, has decided that the commission will get 18 months to submit its recommendations. The new wage revision will be implemented only after these recommendations are approved by the government. sincerely hope that 8th Pay Commission applicable from January 2026 It is possible that employees will also get the benefit of increased salary from this date (with arrears).
