8th Pay Commission: Central employees and pensioners will be in for a treat now. The central government may soon implement the 8th Pay Commission, a hot discussion topic. However, the government has not yet constituted the 8th Pay Commission, but it is expected soon. It is being speculated that the government may constitute a new pay commission in the first week of June.
If this happens, then the review work will start. With the implementation of the 8th Pay Commission, the salary of central employees will jump like a cheetah, which will be a significant gift. You can know all the calculations below about how much the salary will increase. Your doubts will end with the calculation itself.
When will the new pay commission be implemented?
The central government may soon implement the 8th Pay Commission. If it is formed in the month of June, then the review work can start rapidly, after which it can be implemented by January 1, 2027. If the old tradition is followed, the 8th Pay Commission should be implemented on January 1, 2025, but its chances seem negligible.
Actually, the government implements a new pay commission every ten years. The 7th Pay Commission was implemented on January 1, 2016. It will complete ten years on December 31, 20255. If the ten-year tradition is implementedn it should be implemented on January 1, 2026. But the fantastic thing is that the government has not even been able to form it yet. Therefore, the delay in implementation is inevitable.
How much will the salary increase?
Now the question arises that how much will the salary increase as soon as the 8th Pay Commission is implemented. Currently, the minimum salary of central employees is Rs 18,000. If the fitment factor is made 2.86 in the new pay commission, then the minimum wage can be increased to about Rs 51,000. This is believed to be a great relief for the employees. 50 lakh employees and 65 lakh pensioners will benefit from this.