I know you must be hearing about the 8th pay commission nowadays. But do you know what it is? I’ll give you an example. People working in private companies always talk about how much increment they will get this year, the increment percentage, and how much they’ll get after the increment. Yes, you got it now. This pay commission is for government employees of India.
Pay commissions include groups of people deciding how much government employees should get paid. This includes the monthly salary, pensions and allowances. For example, when the 7th Pay Commission was applied the minimum salary increased from ₹7,000 to ₹18,000. The same expectations have been set by government employees with the 8th Pay Commission.
In this article, we will help you understand what the 8th pay commission is, and when it will be applicable. The complete review guide is for you.
What Pay Commission do?
- Established to revise the salary of central government employees.
- The last 7th pay commission was established in 2016.
8th Pay Commission Key Features Expected
- to be established in 2026, completing a 10-year cycle.
- minimum pay might be ₹26,000 due to market fluctuation and cost of living.
- The fitment factor is expected to rise from 2.57 to 3 which will increase the salaries of every particluars.
- Allowances like HRA, LTA, DA and others will be increased.
- some changes in the pension system for people getting retired or who already retired.
8th Pay Commission Impact on Employees
- direct benefit to over 50 lakh central government employees and also to more than 65 lakh pensioners.
- Private sector companies may also revise their pay structure.
People’s Reactions to the 8th Pay Commission
After the announcement, people strongly agree with the establishment of the 8th pay. They are agreeing to the market inflation and high cost of living. Some people also say they want the pay increase to be made quickly. The food and rent have been on a higher side as compared to current salaries.
8th Pay Commission versus 7th Pay Commission
The 7th Pay Commission was introduced with a change like how much salary a person will be making in their job. Due to some big changes in 7th pay people were not happy as they claimed that this pay system was not beneficial for them. According to some people, the salaries were different in some parts of the country which was not fair. Now, the 8th Pay Commission is trying to fix such problems by treating everyone equally and also to make the pay system even better.
Call-to-Action: What are your expectations from the 8th Pay Commission? Kindly share your thoughts with us in our comment section and join the conversation by giving your valuable responses!
Disclaimer: The information is purely based on publicly available data digitally. The official announcements and more information can be found once they come into existence. Readers are strictly advised to visit the official website for more accurate and authentic information. The article does not guarantee any outcomes and should not be considered professional or financial advice.
