As of now, it has been about 9 years since the 7th Pay Commission came into effect. Normal procedure states that when the central government establishes a new pay commission every 10 years, depreciation in purchase power leads to higher expectations and recommendations by the 8th Pay Commission. The government has given a recent update saying it is to be implemented soon. To favor the enhancement of wages for the employees, this time, the fitting factor will be depending on 2.86, which will allow the enhancement of salaries for employees by two and a half times.
Salary Hike Announced For Employees In A Bumper Way-
As early as January, the new pay commission was approved for implementation by the government, but till now there has been no formation of the eighth pay commission. Since both the approval of the new pay commission and discussions among the government workers for the making of the eighth pay commission were taking place, the strongest increase in salary of the government employees was to take place in case the 8th pay commission were formed and the recommendations were implemented straight away.
Fitment Factor And Its Role On Salary-
Fitment factor is the calculation for the determination of salary and pension of employees and pensioners. Fitment factor is a multiplier with which the minimum basic salary or basic pay of the central government employees and pensioners is calculated. The fitment factor was 1.86 during the 6th Pay Commission. After that, in the 7th Pay Commission it was increased to 2.57. Now there is a buzz among the employees that in the 8th Pay Commission, it can range anywhere from 2.28 to 2.86.
This Effect Will Be Seen On The Salary-
After the 8th Pay Commission, changes of great import with respect to the pay revision of the Central Government Employees may be expected. Therefore, not only will the total pay of government employees be increased by 25-30 percent due to this, but allowances increase as well as performance bonuses are likely to see increases as well. All pending applications of this charm in the case of a new pay commission will mostly benefit millions of central government employees and pensioners.
Also Read: Salary And Pension Of Government Employees Increase Every 10 Years – Here’s How Much