8th Pay Commission: After the approval of the formation of the 8th Pay Commission of the Central Government, it is decided to increase the salary of the Central Government employees from the year 2026. With the implementation of the 8th Pay Commission, the salary of employees and pension of pensioners will also increase. With the government approving the formation of the Eighth Pay Commission, most of the employees are discussing more about how much their salary and pension will increase? It is believed that under the 8th Pay Commission, the minimum basic salary of employees can be more than Rs 40,000 per month, apart from this, allowances, performance pay and other facilities will be included separately.
Employees’ salaries will increase by 25-30%
According to Neeti Sharma, CEO, TeamLease Digital, the fitment factor for the 8th Pay Commission is likely to be between 2.6 to 2.85, which can lead to an increase in salary by 25-30%. Along with this, pension will also increase in the same proportion. However, this is just an estimate and the final figures will be clear only after the recommendations of the commission. However, it is expected that the minimum basic salary may increase from Rs 18,000 to Rs 40,000.
How much did the salary increase in the 7th Pay Commission?
Under the 7th Pay Commission, the minimum basic salary is Rs 18,000 per month, which reaches Rs 36,020 per month including allowances and other facilities. A fitment factor of 2.57 was adopted in the 7th Pay Commission, which led to an average increase of 23.55% in salary. Earlier, the 6th Pay Commission had implemented a fitment factor of 1.86. It is noteworthy that during the implementation of the 7th Pay Commission, government expenditure had increased by ₹1 lakh crore in 2016-17.
When will the 8th Pay Commission be implemented?
The recommendations of the 8th Pay Commission are likely to be implemented from January 1, 2026. Union Information and Broadcasting Minister Ashwini Vaishnav said that the commission is being constituted ahead of time so that its recommendations can be implemented after the end of the 7th Pay Commission. The 7th Pay Commission was constituted in 2014 and its recommendations were implemented from January 2016. Earlier, the recommendations of the 6th Pay Commission came into effect in January 2006. The government constitutes a pay commission every 10 years. Keeping in mind the changing economic environment, the 8th Pay Commission has played an important role in making government salaries and pensions competitive. This will remove inflation and the difference between public and private sectors. The 8th Pay Commission will not only increase the financial security of the employees. Rather, it will help improve their purchasing power and standard of living.
8th Pay Commission: From Rs 55 in 1946 to Rs 18,000 in 2014! Know how salary has changed in the last 80 years