Central Employees & Pensioners, Get Ready for the Big News! Over 1.2 crore central employees and pensioners across India have eagerly awaited the introduction of the 8th Pay Commission (8th CPC). Months of speculation have led to an important update on a possible formation and its implementation.
This news is specific to those central government employees and pensioners out there. The government has finally moved towards finalizing the 8th Pay Commission and here o you for everything.
When Will Work for the 8th Pay Commission Begin?
It is going to happen for the 8th Pay Commission very soon! As per the insiders, the final proposal is going to be sent for approval to the Cabinet in April 2024. Once the Cabinet gives its nod, an official notification will be issued which will signify the formal beginning of the 8th CPC.
This means the actual groundwork for the new pay commission will start by April 2024. But this whole exercise — from reviewing the pay structures to submitting recommendations — is going to take time, and experts predict the final report will be submitted by March 2026. Following that, revised pay scales will be implemented by the government.
What Changes Will Employees and Pensioners Get?
The changes expected by the 8th Pay Commission are large concerning the salary structures, allowances, and pension benefits. Here are the expected changes:
- Revised pay scales for employees
The new pay commission will be assessing the basic pay, DA (Dearness Allowance), HRA (House Rent Allowance), and other benefits. This will probably be a cause for a big fat pay hike for central employees after the recommendations are put into effect. - Updation of the fitment factor
In the 7th Pay Commission, the fitment factor was determined to be 2.57, which caused a very huge financial impact to the government. This time, reports say that the 8th CPC is likely to introduce a fitment factor of the extent of 2.86, which means an even bigger salary hike for employees. - Pension Revisions
Like all the other government employees, pensioners will also be entitled to pay and pension based on the revised pay scales as set out in the new pay scales. This will thus ensure that retired employees earn equal and modernized pension amounts related to inflation and current salary standards. - To Employees from Defense & Railways
So will the pay structure change for defense, railways, and other central service employees? The new recommendations would ensure uniformity and equity across all departments.