8th Pay Commission: Good news for employees and pensioners! Latest update on 8th Pay Commission, know how much salary will increase if implemented?
8th Pay Commission: It is estimated that the implementation of the 8th Pay Commission may result in a potential increase in salary of up to 34% for Level 1 employees and up to 100% for Level 18 employees.
8th Pay Commission: After the implementation of Unified Pension Scheme (UPS), there is another good news for central employees and pensioners. According to media reports, before 2026, the Modi government has started preparations for the 8th Pay Commission and a big decision can be taken on this by the end of the year. If the new pay commission is implemented, then there can be a 44.44% increase in salary.
Actually, usually the central government constitutes a pay commission every 10 years to revise the salary of government employees. The Seventh Pay Commission was constituted in February 2014, although its recommendations were implemented from January 1, 2016, whose time is going to end on December 31, 2025, on this basis the 8th Pay Commission is to be implemented in January 2026, due to which the stir has intensified from now on.
How much will the salary increase from the 8th Pay Commission?
According to the latest media report, the central government is preparing to constitute the 8th Pay Commission. It is likely that the commission can be constituted in 2025, whose recommendations are likely to be implemented from 2026, as the recommendations of the 7th Pay Commission were implemented in 2016. If the Modi government implements the 8th Pay Commission in 2025-26 according to the 10-year pattern, then it can see a huge increase in salary. More than one crore government employees and pensioners will get the benefit.
It is estimated that there can be a possible increase of up to 34% in salary for level 1 employees and up to 100% for level 18 employees. The salary of level 1 can reach Rs 34,560 and the salary of level 18 can reach Rs 4.8 lakh, with a fitment factor of 1.92. The pension amount will also increase under the Unified Pension Scheme (UPS) of pensioners.
The pension under UPS will be fixed at 50 per cent of the average monthly salary for the 12 months preceding retirement. Assuming a 50% pension formula and a 20% increase in dearness allowance (DA) by 2029, a Level 1 employee can get a pension of around Rs 20,736.
Till now many employee organizations had sent proposals
It is worth noting that in the past months many employee organizations have written letters to the Center several times regarding the 8th Pay Commission. During the budget session, various employee organizations including the Employees Federation, National Council of Joint Advisory Machinery and Indian Railway Technical Supervisor Association had written letters to the Central Government demanding the implementation of the Eighth Pay Commission.
Employees were hoping that Finance Minister Nirmala Sitharaman could make a big announcement on this in the budget, but this did not happen. Recently during the monsoon session, Rajya Sabha MPs Ramjilal Suman and Javed Ali Khan had raised questions about this. On this, Minister of State for Finance Pankaj Chaudhary had said that at present there is no proposal for consideration of the 8th Finance Commission before the Central Government, only 2 representations have been received by the government, so there is no thought about its formation.