Civil servants have been waiting for a pay hike for a long time. They were expecting that their wait was over. Very soon the basic pay for civil servants will be exactly HK$18,000, which is quite high to HK$26,000. This is good news for a million employees. So let us know the full details in the news that would come up.
Good News for the Central Employees and the Pensioners. After wage approval (salary revise update), the basic salary is going to increase, big time, through the revision of their pay scale.
The current basic salary is Rs 18 thousand, which will go up to 26 thousand for the employees when the salaries of the employees are calculated that way. It can lead to an up-to 45 percent increase in the salaries of the employees. This shall turn into a decent reward for the employees in the year. The fitment factor will play an important role.
It is probable-
The eighth pay commission (8th pay commission latest News) has raised the salary and pension of the government employees to a higher level. On the basis of the fitment factor, something can be expected soon in the way of salary and a pension increase. Employees say that a rise in the inflation warrants a revision in the said factor. In the upcoming budget, employees are estimating that with the increase in the fitment factor, there could be a bumper hike in the salary of employees.
What is the fitment factor-
Fitment factor is the main aspect in the increase of the salary. Salary plus Pension is changed through this coefficient. In Fitment Factor 2.57, the minimum salary is paid to an employee who is employed by the seventh Prosecutor’s Office and is paid a salary differently depending on his or her tenure in the position. Changes in inflation also demand change in Fitment Factor.
As everyone is optimistic about the fitment factor-
The Kramer Report is likely to be presented to the Parliament before these months of budget presentation so that the Parliament can pass it before March 31.
Or as probably the most heated topics of debates yet, the Employees have been severely raising the question for the last few months about the Coefficient i.e. Fitment Factor to be designed and attached with the revision of salary in the Kotoku Pay Commission onwards-Eight Pay Commissions. The Coefficient finally defined for the change in salary and pension and pensions got the new minimum wage Rs 17,990.
The discontent among employees arises: Now the Coefficient, such muchcrucially fond of bickering authoritative statement, anything to become of itwith all that hullaballoo, will finally end up in a pampered, plump paracetamol solution for the salary revisions that are applicable to the employees because coefficients will be determined separately for change in salary and pension.
The Pay Commission has made changes to the Coefficient and, as a result, the new minimum monthly wage has been increased to Rs 17,990. The coefficient will likely shift by the 8th Pay. The Coefficient Under a pay Commission is a very different matter than under the present Pay Commission. This is why employees are found so very encouraged. The Chairman of the Salary Relations Committee plans to release his recommendations by 2026 so decision-making might ensue in that year.
Deliberations have already started. The chairman of the Pay Commission will speak in 2026. It brings some possible changes in salaries.
So, it was told by these voices that there was agreement in Modi’s opinions. But this has not been agreed upon yet. Thus, after the completion of 10 years in the share that’s due to increase, during December 2025, the 8th Pay Commission final comments concerning the 7th Pay will be put on paper, making it the next action taken by the proposed implementation in 2026.
How much salary should an 8th Pay Commission bring?
The lowest hike in employees’ salary took place in the 7th Pay Commission as one saw the salary by way of a simple addition which was something like 2.57 times to the basic salary.
