Top News

New Delhi: Good news for over 1 crore central government employees and pensioners the Narendra Modi has said that it is actively consulting state governments on the issue of the 8th Pay Commission. The Centre has also informed that the announcement can be expected soon with regard to the constitution of the panel. According to a Financial Express report a delegation from the Government Employees National Confederation (GENC) met with Union Minister of State for Personnel Public Grievances and Pensions Jitendra Singh last month to discuss various issues including the delay in 8th Pay Commission implementation. GENC is the apex body of industrial federations affiliated with Bharatiya Mazdoor Sangh (BMS). To recall the 8th Pay Commission was announced in January this year. However since then there has not been much progress as employees are keenly awaiting the appointment of key panel members and the finalisation of Terms of Reference (ToR) for the panel. Here are some of the key details: A delegation from the Government Employees National Confederation (GENC) met with Union Minister of State for Personnel Public Grievances and Pensions Jitendra Singh last month to discuss various issues The delegation in its meeting on August 4 with the minister raised several issues like 8th Pay Commission delay scrapping of National Pension System (NPS) and Unified Pension Scheme (UPS) and restoration of Old Pension Scheme (OPS) Minister Jitendra Singh assured the confederation that the 8th pay panel would be announced soon The minister also immediately arranged a follow-up meeting with the Pension Secretary regarding the restoration of the Old Pension Scheme (OPS). Other issues raised included enhancing compassionate appointments cadre reviews and ensuring regular JCM meetings. While some demands were noted for examination others like DA arrears were withdrawn. It is important to note that the increased payouts will depend on the fitment factor that the 8th Pay Commission decides on. The fitment factor was 2.57 for the 7th Pay Commission. It may be in the range of 1.92 to 2.86 in the 8th CPC as per many expert opinions and estimates. How fitment factors of 1.92 2.28 or 2.57 may impact Grade Pay 1900 2400 4600 7600 and 8900 employees basic salary house rent allowance (HRA) transport allowance (TA) National Pension System (NPS) and Central Government Health Scheme (CGHS) amounts know in this story through calculation examples. At 1.92 fitment factor Revised basic pay: Rs 54528 HRA: Rs 13086.72 TA: Rs 3600 Gross salary: Rs 71214.72 NPS: Rs 5452.80 CGHS: Rs 250 Net salary: Rs 65511.92 At 2.57 fitment factor Revised basic pay: Rs 72988 HRA: Rs 17517.12 TA: Rs 3600 Gross salary: Rs 94105.12 NPS: Rs 7298.80 CGHS: Rs 250 Net salary: Rs 86556.32 At 1.92 fitment factor Revised basic pay: Rs 73152 HRA: Rs 17556.48 TA: Rs 3600 Gross salary: Rs 94308.48 NPS: Rs 7315.20 CGHS: Rs 250 Net salary: Rs 86743.28 At 2.57 fitment factor Revised basic pay: Rs 97917 HRA: Rs 23500.08 TA: Rs 3600 Gross salary: Rs 125017.08 NPS: Rs 9791.70 CGHS: Rs 250 Net salary: Rs 114975.38 At 1.92 fitment factor Revised basic pay: Rs 112512 HRA: Rs 27002.88 TA: Rs 3600 Gross salary: Rs 143114.88 NPS: Rs 11251.20 CGHS: Rs 650 Net salary:Rs 131213.68 At 2.57 fitment factor Revised basic pay: Rs 150602 HRA: Rs 36144.48 TA: Rs 3600 Gross salary: Rs 190346.48 NPS: Rs 15060.20 CGHS: Rs 650 Net salary: Rs 174636.28 At 1.92 fitment factor Revised basic pay: Rs 153984 HRA: Rs 36956.16 TA: Rs 7200 Gross salary: Rs 198140.16 NPS: Rs 15398.40 CGHS: Rs 650 Net salary: Rs 182091.76 At 2.57 fitment factor Revised basic pay: Rs 206114 HRA: Rs 49467.36 TA: Rs 7200 Gross salary: Rs 262781.36 NPS: Rs 20611.40 CGHS: Rs 650 Net salary: Rs 241519.96 At 1.92 fitment factor Revised basic pay: Rs 185472 HRA: Rs 44513.28 TA: Rs 7200 Gross salary: Rs 237185.28 NPS: Rs 18547.20 CGHS: Rs 650 Net salary: Rs 217988.08 At 2.57 fitment factor Revised basic pay: Rs 248262 HRA: Rs 59582.88 TA: Rs 7200 Gross salary: Rs 315044.88 NPS: Rs 24826.20 CGHS: Rs 650 Net salary: Rs 289568.68 (Disclaimer: These are projections. Actual revised amounts may vary.)