Eighth Pay Commission: Earlier this year, the Union Cabinet had approved the formation of the Eighth Pay Commission to revise the salaries and pensions of central employees.
8th Pay Commission: 44 lakh government employees and 68 lakh pensioners of the country are eagerly waiting for the implementation of the Eighth Pay Commission. Earlier this year, the Union Cabinet had approved the formation of the Eighth Pay Commission, so that the salary and pension of central employees could be revised. However, despite the formation of the Eighth Pay Commission, the central employees will have to wait a little longer for its official announcement.
When will the Eighth Pay Commission be implemented?
In fact, the recommendation of the Eighth Pay Commission is expected to be sent to the government by the end of this year i.e. 2025. Mint, in its news, citing the report of Ambit Institutional Equities, said that it can be implemented from January 2026. However, when the Eighth Pay Commission will actually be implemented depends on when its recommendation report is submitted to the government and when its approval is given by the Central Government.
It is believed that after the approval of this recommendation, the Eighth Pay Commission can be implemented in the financial year 2027. The report also states that after the implementation of the recommendation of the Eighth Pay Commission, the salary and pension of central employees can increase by about 30 to 34 percent.
How much will the salary-pension increase?
The report states that the increase in salary and pension of central employees by 30-34 percent will put an additional burden of about Rs 1.80 lakh crore on the government. It is worth noting that after the recommendation of the commission, salary, pension and allowances will increase according to the fitment factor. The most important thing is that the salary and pension of government employees depends on inflation in the country, the needs of the employees and the financial capacity of the government.
In the salary revision of central employees by the Pay Commission, inflation, the economy of the country as well as economic inequality and other things are also considered. Along with this, bonuses, allowances and other facilities which are given to central government employees along with their salary are also reviewed. It is worth mentioning that a Pay Commission is constituted every 10 years to review the salary of central government employees. The Pay Commission was constituted by the government in the year 1946.
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