Recently, the Central Government has come out with an update in which they have decided to take steps regarding the salary of the employees. The Central Government implemented the 7th Pay Commission in 2016. Now, the tenure of the 7th Pay Commission is going to complete 9 years, in January, 2025. In such a situation, the central employees are waiting for the latest news regarding the implementation of the 8th Pay Commission. There are quite a few advantages for employees through the 8th Pay Commission. The employees will also get a bumper increase in their salaries.
Know when the 8th Pay Commission will be constituted-
As per the latest news, 8th pay commission (8th pay commission update) can be set up anytime soon. They are feeling that the announcement of the 8th Pay Commission will happen in early 2025 within the proposed Union Budget. According to the leaders of the employees’ union, this will be the appropriate time for a revision in the employees’ salaries since the government has taken 18 months to finalize the report of the 7th Pay Commission. Thereafter, it was enforced in January 2016.
Employees and pensioners will get bumper benefits-
There are expectations that a lot of redefining might take place in the salaries and pensions of government employees and pensioners under the 8th Pay Commission. At the same time, the decision regarding the 8th Pay Commission will be taken under the aspect of inflation and other economic conditions.
There will be a bumper increase in salary
If the central government agrees to the demand to set up the 8th Pay Commission, then basic pay will also be increased for central employees. Minimum salary of employees is Rs. 18,000 at present. However under the Eighth pay commission, the increase in basic salary (basic salary hike update) may go up to about Rs. 34,560. This represents a basic salary increase of nearly 92 percent for employees. Not only employees, their pensioners will get great relief out of it.
Pension will also increase
Under the 8th pay commission, basic pension may increase from around Rs 17,200. There would be several advantages to government employees and pensioners as there would be an indexation provision for them to provide them relief from inflation after that amendment to the pay commission.
Know when the 7th Pay Commission was implemented
Every 10 years, central government brings in revisions in the Pay Commission. The salary structure of central employees, (news of the central employees) will be done according to the Pay Commission. 7th Pay Commission was created by the Central Government under a Government Resolution on February 28, 2014, and implemented in 2016. DA can also increase in January 2025.
