
Millions of Central Government employees across the country are awaiting the implementation of the 8th Pay Commission. As soon as the 8th Pay Commission is implemented the salaries and pensions of approximately 3.5 million Central Government employees and approximately 6.7 million pensioners will see an increase. However there is curiosity about how much the salaries will increase and what the fitment factor will be. The pay structure is about to change after almost ten years. Find out what the fitment factor could be this time and what percentage salary increase it will provide. According to reports the Central Cabinet will have to approve the ToR and the Commission will also seek input from the Department of Personnel and Training and the Ministry of Defense. According to former Finance Secretary Subhash Chandra Garg the Center may approve a fitment factor of 1.92 to 2.08 while National Council JCM Secretary Shiv Gopal Mishra and employees associations have recommended a fitment factor of at least 2.86. If implemented a significant increase in salaries will be seen. Why is the Pay Commission formed? The Pay Commission is formed to review the salary structure of central government employees and recommend changes. The Commission considers several factors including inflation the state of the countrys economy and income inequality. Furthermore it also reviews bonuses allowances and other benefits provided to employees. After the Commissions formation it takes approximately two years to prepare its report and submit it to the government. Once the report is submitted the government also takes time to consider and approve it. This is why the 8th Pay Commission is likely to take so long to implement.
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