8th Pay Commission: New Fitment Formulas to Boost Salaries – Check How Much Your Pay Will Increase!
The 8th Pay Commission has been officially constituted by the Central Government to revise the salary, allowances, and pensions of government employees and pensioners. Employees are currently being paid under the 7th Pay Commission, but the upcoming changes are expected to significantly increase their salaries.
Two new fitment formulas have been proposed, which will determine the salary structure under the 8th Pay Commission. Let’s dive into the details.
📌 What is the 8th Pay Commission?
The 8th Pay Commission is responsible for recommending changes in the pay structure of central government employees and pensioners. The Modi government announced its formation last month, creating excitement among government employees hoping for a salary hike.
However, the commission is still in its early stages, and no official names have been announced for its members or chairman yet. The salary increase is currently being estimated based on expert opinions.
📊 New Fitment Factor Formula – How Will Salaries Increase?
The fitment factor is a key component in determining basic salary hikes. The National Council-Joint Consultative Machinery (NC-JCM), led by M. Raghavaiah, has proposed a minimum fitment factor of 2.00.
On the other hand, former Finance Secretary Subhash Chandra Garg has suggested a fitment range of 1.92 to 2.08.
👉 If the fitment factor is 1.92, the minimum basic salary will increase from ₹18,000 to ₹34,560.
👉 If the fitment factor is 2.00, the minimum basic salary will rise to ₹36,000.
👉 If the fitment factor is 2.08, the minimum basic salary will go up to ₹37,440.
📈 Impact on Pension
✔ At 1.92 fitment, the minimum basic pension will increase from ₹9,000 to ₹17,280.
✔ At 2.00 fitment, the minimum basic pension will rise to ₹18,000.
✔ At 2.08 fitment, the minimum basic pension will increase to ₹18,720.
🔹 This means a salary increase of up to 108%!
📅 When Will the 8th Pay Commission Be Implemented?
🔹 Union Minister of State for Finance Pankaj Chaudhary confirmed that the 8th Pay Commission has been approved but stated that the appointment of members and a chairman will be decided at an appropriate time.
🔹 Shiv Gopal Mishra, Secretary of NC-JCM, has indicated that the commission will be constituted by February 15, 2025, with the final report expected by November 30, 2025.
🔹 If all goes as planned, the 8th Pay Commission could be implemented from January 2026.
🔹 Expenditure Secretary Manoj Goel also stated that the commission’s work will likely begin in April 2025, after getting approval from the Union Cabinet.
🚀 What’s Next?
Government employees are eagerly waiting for official announcements regarding the salary hike and the finalized fitment factor. Once the commission submits its report, the government will review it and make the necessary decisions.
📢 Stay tuned for further updates on salary hikes, allowances, and pension revisions!
💬 Do you think the 8th Pay Commission will bring a significant salary boost? Share your thoughts in the comments!
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