8th pay commission: There is news of relief for pensioners amid speculation about the arrival of the 8th Pay Commission. If the government implements a new fitment factor, then there may be a big increase in pension. Currently, the amount of pensioners gets on the basis of fitment factor 2.57. But if the new fitment factor is 1.92 or 2.28, pension may almost double.
Grade pay pensioners with Rs 2000
The pensioner grade pay has retired at Rs 2000, the current pension is around Rs 13,000. If the Fitment Factor 1.92 is applied, their pension can increase to Rs 24,960. At the same time, pensioners of Level 3 can get a pension of Rs 27,040 on the basis of fitment factor 2.28. Those whose pension is currently Rs 16,000 is also likely to get Rs 30,720.
Grade pay 2800 pensioners
Employees who have retired on a grade pay of Rs 2800, their current pension is Rs 15,700. According to the new Pay Commission and Fitment Factor 1.92, it can increase to Rs 30,140. If the Fitment Factor 2.28 is implemented, the pension can reach Rs 32,656. The minimum pension of Pensioners of Level 5 can be Rs 39,936 (1.92 factor) and Rs 43,264 (2.28 factor).
Grade pay pensioners with Rs 4200
Level 6 employees who have retired on a grade pay of Rs 4200, their current pension is close to Rs 28,450. If the Fitment Factor 1.92 is applied, this pension can increase to Rs 54,624. At the same time, this pension can reach Rs 59,176 on the fitment factor of 2.28.
Pension will increase
If the central government implements the 8th Pay Commission and there is revision in the fitment factor, then pensioners can get a big benefit. Millions of retired employees and their families will benefit from this. Now everyone’s eyes are on the government’s decision.
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