All the government employees have started anticipating the next pay commission which is expected to be formed very soon. However, the 8th Pay Commission will come into effect after some time. Amid the discussion about the 8th Pay Commission, the fitment factor has become the most critical and talked-about aspect of this news. Everyone is currently speculating what the fitment factor would be for the 8th Pay Commission as the salary hike comes once in a decade.
8th pay commission employees’ salary hike highlights
- The secretary of the National Council of Joint Consultative Machinery (JCM) Shiv Gopal Mishra suggested the fitment factor should be at least 2.86 for the 8th Pay Commission.
- As of now, there is no clarity on the formation of the 8th Pay Commission but it is anticipated to be happened in November.
- In the 7th Pay Commission, the government employees got a salary hike with a 2.57 fitment factor.
- The previous pay commission was formed by Dr. Manmohan-led government in 2014, which came into effect in 2016.
It has been almost a decade since the last pay commission was formed to increase the salaries of government employees. Therefore, all government employees have started talking about their expected salary increase. Considering the rate of inflation, many have also raised their voices to get a salary hike. Meanwhile, the expectations of government employees for the 8th Pay Commission seem to be very high as inflation has risen significantly in the last ten years. Ahead of the formation of the 8th Pay Commission, all eyes are on the fitment factor. If you are unversed in the fitment factor, then note that it is the multiplication unit that is set by the 8th Pay Commission to revise the basic salary and pension of government workers and retired employees respectively. In simple words, your basic salary or pension will be multiplied by the fitment factor set in the pay commission.
The secretary of the National Council of Joint Consultative Machinery Shiv Gopal Mishra who is also the staff side chief of the National Council of JCM said that they are expecting a fitment factor of a minimum of 2.86 for the next period of revision in payouts. He also added that as the revision of salaries and pensions happens only once in 10 years, all the government employees are expecting a fitment factor of 2.86 at least. Shiv Gopal Mishra also said that they will demand this fitment factor once the 8th Pay Commission is formed. His statement has created a wave of excitement among all the government employees because his words have a huge significance considering his position in the National Council of JCM which is a body comprised of employee union leaders and bureaucrats and chaired by the Union Secretary. This body also resolves the disputes between the employees and the government.
The secretary of NC-JCM also shed light on the rate of inflation which will certainly be considered while deciding the fitment factor. He is expecting a higher fitment factor that was recommended in the previous pay commission. He also denied the claims of demanding a salary hike of Rs 34000 to Rs 35000 as they are only expecting a certain fitment factor which will be not less than 2.86. The previous pay commission was formed by the government of Manmohan Singh in 2014 and it came into effect in 2016. Therefore, the 8th Pay Commission is also expected to come into effect in 2026 but to be formed in 2024.
In Case You Didn’t Know
- On January 1, 2016, the 7th Pay Commission came into effect with a fitment factor of 2.57.
- The 8th Pay Commission is expected to come into effect from January 1, 2026.
- A November meeting of the Unions may give major updates on the formation of the 8th Pay Commission.
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