Public sector employees are raising their concern to get a raise in their salary. They are looking for government support to fulfil their demand regarding increased salary. Inflation and the rising cost of living cause challenges in managing daily life expenses and overcoming financial expenses. 8th Pay Commission Latest News can allow you to understand the latest update regarding your salary raise. Employees are dissatisfied as the government fails to address their concerns.
According to resources, the employee federation is planning to oppose government negligence and may call protests against it. They will organize this project to get government attention towards the 8th Pay Commission. Collecting updated information can help to provide broad understanding on this topic. It can help you to understand when this commission can be implemented and who will get its benefits.
8th Pay Commission Latest News
Government employees are looking to collect information that can help them receive higher salaries after the implementation of the 8th Central Pay Commission. It can raise your salary and support to deal with financial stress. If you are also interested in this, then you can go through the full article to get the latest updates on it.
People working under the government may get benefits through getting a raise in their salary. It can help you to understand the associated benefits. This article will explore information on the 8th Pay Commission’s Latest News to understand its implementation dates and other important aspects. It also covers information on the government’s views on it, fitment factors, impact on salary, and many more.
8th Pay Commission Updates- Overview
| Article On | 8th Pay Commission Latest News |
| Country | India |
| Department | Ministry of Finance |
| Beneficiary | Public Sector Employees |
| Category | Finance |
| Official Website | financialservices.gov.in |
Understanding 8th Pay Commission
Inflation and rising living cost has affected living standard due to reduced purchasing power. The rising cost of living and inflation have affected people’s living standards. People need to higher amount to manage their daily life expenses. Therefore, they need proper support from the government to raise their salary to cope with inflation. 8th Central Pay Commission is a proposed commission that allows making changes in the pay, pension, and benefits for central government employees (CGEs). Approval and implementation can allow employees to get different benefits to improve their standard of living.
Different benefits will be provided to CGEs to help people from the 8th Pay Commission Implementation. It is directly linked to increasing salary, Transport Allowance (TA), Dearness Allowance (DA), and House Rent Allowance (HRA). It helps to decide the fitment factor that contributes to increasing overall salary. This proposed commission can help to launch a health scheme for pensioners and employees. It can also introduce reform in retirement for pensioners.
8th Pay Commission and Fitment Factor
Fitment factors play a crucial role in increasing employee salary after the implementation of the proposed commission. It includes a single multiplier which can simplify the procedure of revision in fundamental pay. According to resources, the Upcoming 8th Pay Commission suggests the fitment factor can be 2.28. Current commission offers range from 2.57 to 2.81 for different pay levels. In simple, the fitment factor can provide a constant increase in pay levels and allow dealing with the inflation rate to increase employees’ purchasing power.
8th Pay Commission Salary Increase
Central government employees are excited to know about a raise in their salary. Upcoming central commissions will contribute in increasing employee salaries to cope inflation and rising living costs. So, people can check the proper information to understand the expected increase in their salary. After implementation, people can receive a higher amount as a salary.
According to a media report, the 8th Pay Commission Raise CGEs Salary post introduction of fitment factor. Currently, the employee salary is Rs 18,000 which can increase to Rs 34,560. Moreover, pensioners can experience an increase of up to Rs 17,200 post implementing this proposed commission.
8th Pay Commission Pay Matrix Table
It is essential for Central employees to understand the payment structure that can be changed with time. 8th Central Pay Commission will allow employees to understand the pay changes that can change with an update in salary structure. Therefore, central government employees are excited to understand the changes they can experience with an update in salary.
It can provide some estimation that employees can receive to manage daily life expenses and overcome financial stress. You can check the following table to understand your future salary according to your pay levels and adjustments post 8th Central Pay Commission Implementation.
| Pay Matrix | 7th CPC Basic Salary (in Rs) | 8th CPC Basic Salary (Expected in Rs) |
| Level 1 | 18,000 | 21,600 |
| Level 2 | 19,900 | 23,880 |
| Level 3 | 21,700 | 26,040 |
| Level 4 | 25,500 | 30,600 |
| Level 5 | 29,200 | 35,040 |
| Level 6 | 35,400 | 42,480 |
| Level 7 | 44,900 | 53,880 |
| Level 8 | 47,600 | 57,120 |
| Level 9 | 53,100 | 63,720 |
| Level 10 | 56,100 | 67,320 |
| Level 11 | 67,700 | 81,240 |
| Level 12 | 78,800 | 94,560 |
| Level 13 | 1,23,100 | 1,47,720 |
| Level 13A | 1,31,100 | 1,57,320 |
| Level 14 | 1,44,200 | 1,73,040 |
| Level 15 | 1,82,200 | 2,18,400 |
| Level 16 | 2,05,400 | 2,46,480 |
| Level 17 | 2,25,000 | 2,70,000 |
| Level 18 | 2,50,000 | 3,00,000 |
| Homepage | KeralaCoBank.com |
Samarth Choudhary is a Chief Editor at keralacobank.com. He has overall editorial experience of 10 years in online media. He has completed his graduation from University of California and masters in Finance from University of Dallas in year 2010. His major interest and expertise is in Finance, Taxes, Government Aid and Schemes. His Major focus is to help users to get relevant information which are published on keralacobank.com in easy and precise form.
Status of pay revision for ex service men under 8th payment commission