You might heard of the 08th Pay Commission news as the news is viral that the govt is going to implement the 08th Pay Commission soon. The govt job employees will get relief with the implementation of the 08th Pay Commission as the increment in salaries will be huge if the 08th Pay Commission is implemented in the future. The govt job employees are expecting an increment in salaries of 1.86% through the 08th Pay Commission.
The implementation process of the 08th Pay Commission is carried out through the parliament. The proposal of the 08th Pay Commission will be first shown in the parliament and if the 08th Pay Commission gets passed in the parliament, it will be implemented across all of the govt depts. The people who have a monthly salary of Rs 18000 in the 07th Pay Commission will get a salary of Rs 51480 per month with the implementation of the 08th Pay Commission.
The Existing Payment Plan and Anticipated Modifications
The salaries of the govt job employees are given under the 07th Pay Commission currently. The previous Pay Commission was 06th. The govt has given an increment of 158% in the salaries of the govt job employees when they shifted from 06th to 07th Pay Commission. The 08th Pay Commission is expected the increase by 1.86% in the salaries.
The increment in the Pay Commission is calculated with the help of fitment factors. The expected fitment factor for the 08th Pay Commission is 2.86. The fitment factor for the 07th Pay Commission was 2.57. The fitment factor of the 08th Pay Commission is more than that of the 07th Pay Commission. The govt job employees can expect three times more salaries with the implementation of the 08th Pay Commission.
Impact on Pensions
Whenever a Pay Commission is implemented, the salaries of the govt job employees get increments as well and the pensions of the retirees also get increased. The Pay Commission is for both, govt job employees and retiree persons. The increment in the Pay Commission depends on the fitment factor. The salary and pension, both is affected by the fitment factor.
The retiree whose salary is Rs 9000 per month will get an increased salary of Rs 27500 with the implementation of the 08th Pay Commission. The proposed increment in salaries and pension through the 08th Pay Commission is 1.86%.
Possible Announcement in 2025 Budget
The Indian govt has not made any official announcement regarding the 08th Pay Commission yet. The govt job employees can expect the official announcement from the govt of India regarding the 08th Pay Commission in the upcoming Union Budget in 2025.
Meetings were going on in every govt dept regarding the 08th Pay Commission and also, the Cabinet Members and Finance Minister are having ongoing meetings for the discussion on the 08th Pay Commission. We can see the results of these meetings for the 08th Pay Commission in the upcoming budget.
History of Pay Commissions
It is a rule that the wages of the govt job employees should be regulated every 10 years. The implementation of the 07th Pay Commission was in Feb 2024 and the 07th Pay Commission has become effective from 01 Jan 2016. The govt job employees have expected the 08th Pay Commission as it has been almost 10 years since the implementation of the 07th Pay Commission.
To regulate the salaries of the govt job employees and retired persons is their right to survive in the increasing inflation time. The 07th Pay Commission has made the increment in salaries of the govt job employees from Rs 7000 per month to Rs 18000 per month. The govt job employees have a keen eye on the actions of govt if there is any announcement from the government in the upcoming Union Budget will be seen. They are hoping for the 08th Pay Commission in 2025.