 "These 8 important things of the 8th Pay Commission should be known by government employees…")
The Union Cabinet on Thursday approved the 8th Pay Commission, which will provide a major relief to over 1.2 crore central government employees and pensioners who have been eagerly awaiting a comprehensive revision in their salaries and pensions. This big announcement ahead of Budget 2025 is an indication that the Modi government may take some more big steps for government employees in the near future.
After the Cabinet approved the formation of the new Pay Commission, it made several important announcements. Union Minister Ashwini Vaishnav assured that the 7th Pay Commission recommendations will be implemented before the 7th Pay Commission expires in 2026. The agenda will be discussed with states and other stakeholders to finalize the recommendations. Apart from this, 5 other important information came out, which the central government employees and pensioners should know about.
1. Cabinet approval for 8th Pay Commission…
First, the Union Cabinet approved the constitution of the 8th Pay Commission to revise the salaries of about 50 lakh central government employees and the pension of about 65 lakh retired employees.
2. Election of Pay Commission Members…
The chairman and two members of the 8th Pay Commission will be appointed soon and they will begin consultations with the Centre, state governments and other stakeholders.
3. Timely Implementation of the Commission…
The government is confident that the recommendations of the 8th Pay Commission will be received before the expiry of the 7th Pay Commission in 2026, after which the process for its implementation will be taken forward.
4. Historical Significance of Pay Commissions…
Since India’s independence in 1947, 7 Pay Commissions have been set up so far. These pay commissions have played an important role in deciding the pay structure, benefits and allowances for central government employees from time to time.
5. New Pay Commission every 10 years…
The 7th Pay Commission was constituted in 2014 and its recommendations were implemented in January 2016. In such a case, the Eighth Pay Commission may also be implemented after 10 years in 2026.
6. How much will increase in salary-pension?
Experts estimate that the fitment factor will be between 1.92 and 2.86, which could increase the pension from the current Rs 9,000 to between Rs 17,280 and Rs 25,200.
7. Increase in salary by 186%…
If a fitment factor of 2.86 is applied, the pension and pay may increase by about 186%. Due to this the minimum basic salary may be more than Rs.51000.
8. What did Prime Minister Modi say?
Prime Minister Modi said that the decision of the 8th Pay Commission will have a positive impact and will improve the standard of living of government employees and retired employees. Apart from this, consumption in the economy will also get a boost.