Because the government announces salary hikes now and then for central government employees, at present it has brought the 7th Pay Commission salary recommendation for centralized salaries. Along with this piece of news, it is said that the salary will increase quite significantly when the 8th Pay Commission comes (8th pay commission salary hike).
Ministry of Finance press release has reported a whopping 92 percent increase in the minimum salary of central employees. In similar words, this will translate into a bumper hike in the minimum salary (basic salary) of the government employees under the 8th Pay Commission.
The 8th Pay Commission is most likely expected to double the basic salary of employees. Retirees will also get the corresponding increase in their pensions.
Central government employees will start receiving their minimum basic salary up to 34,560 rupees.
According to calculations based on the recommendations of the 8th Pay Commission, the raising of the central minimum basic salary will increase from 18 thousand rupees to 34,560. Thus, there will be a bumper increase of 92 percent in the salary. It will be benefited to employees and pensioners. Employees were looking forward to the 8th Pay Commission recommendations.
There is also a bumper increase on pension increase
According to one estimate, if the basic salary of about 92 percent has been raised in the 8th Pay Commission (8th pay commission pension), the pension will increase by about 92 percent. Moreover, during the period of the 7th Pay Commission, the minimum basic pension for the central government employees was 9 thousand rupees. As per this, it could get raised to 17 thousand 280.
When the 8th Pay Commission will be effective
While a lot of employees are waiting for their DA in January, on the other hand, they are anticipating eagerly for the statement regarding the formation of the 8th Pay Commission. Ten years have passed since the 7th Pay Commission was set up and till now, the New Pay Commission has been constituted every ten years. In this matter, it is expected that the Government of India would consider the matter soon. It might possibly be in 2025 that the Government announces the 8th Pay Commission. However, there is no confirmation on this, nor has it been announced.
The seventh pay commission report took 18 months to finalize
In the meeting with the finance minister on January 7, New Delhi, the demands of the employees were put forward in a pre-budget period meeting with Nirmala Sitharaman. In the month of May, on the first day (1st May) in 2015, the New Pay Commission had been formed. It took 18 months to complete the report of the commission. If announced in February, it could be implemented in 2026.
Ten years after the 7th Pay Commission
The center government came under an 8th Pay Commission from the New Year, and called it a 7th pay commission. Recommendations of that pay commission were implemented in 2016. Thus, such Commissions are made every 10 years. So, it is supposed that the 8th Pay Commission will be formulated in 2025 only.
