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8th Pay Commission Estimates Show Potential Salary Hikes

8th Pay Commission Estimates Show Potential Salary Hikes
8th pay commission: Here's how much salary hike a conservative fitment factor of 1.83 and 2 can give employees · livemint.com

The 8th Pay Commission is studying how much central government employees and pensioners should be paid.

It is speaking with employee groups, pensioners’ associations and other organisations.

One important number is called the fitment factor.

This number is multiplied by a person’s current basic pay to estimate new basic pay.

Some pensioner groups want a high factor of 3.83.

Experts have suggested lower estimates, especially between 1.83 and 2.00.

For example, a Level 1 basic salary of ₹18,000 could become ₹32,940 or ₹36,000 under those two factors.

These figures are only estimates because the commission has not made a final decision.

The government must approve the commission’s recommendations before they take effect.

Key facts

Affected people
About 50 lakh central government employees and 65 lakh pensioners, or more than 1 crore people in total.
Current reference
The 7th Central Pay Commission used a 2.57 fitment factor.
Fitment formula
Current basic pay multiplied by the fitment factor equals estimated new basic pay.
Pensioners’ demand
The All India Federation of Pensioners Association reportedly sought a 3.83 fitment factor.
Conservative estimates
Experts’ conservative projections range from 1.83 to 2.00.
Level 1 estimate at 1.83
₹18,000 basic pay would become ₹32,940.
Level 1 estimate at 2.00
₹18,000 basic pay would become ₹36,000.
Implementation
The fitment factor and recommendations require approval from the Centre before implementation.

Sources

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