Central government has recently approved the 8th Pay Commission. After this, the central employees were hoping that this time the fitment factor could go up to 2.86, which would lead to a huge increase of up to 186% in the salary. However, according to former Finance Secretary Subhash Chandra Garg, it is impossible to expect such a big increase. He said that getting a fitment factor of 2.86 is like “asking for the moon”.
8th Pay Commission: How much will the salary increase?
According to Garg, the fitment factor in the 8th Pay Commission can be between 1.92 to 2.08. This means that only 10% to 30% increase in the salary of central employees is possible. In the last 7th Pay Commission, the fitment factor was 2.57, but even then the salary increased by only 14.2%. In such a situation, the possibility of a very big increase seems to be low this time too.
How much will the salary be after 10% to 30% increase?
If the minimum basic salary increases by 10%, it will increase from Rs 18,000 to Rs 30,420.
If there is a 30% increase, the new salary will be Rs 34,020 per month.
At present, central employees are getting 53% dearness allowance (DA). It is expected to increase by another 6% before the implementation of the 8th Pay Commission, which could take it to 59%.
8th Pay Commission: Is a fitment factor of 2.86 possible?
National Council of Joint Consultative Machinery (NC-JCM) Secretary Shiv Gopal Mishra had claimed that a fitment factor of 2.86 could be possible in the 8th Pay Commission. If this happens, the minimum salary will become ₹51,480. The pension of pensioners may increase from ₹ 9,000 to ₹ 25,740.
However, it remains to be seen whether the government will approve it or not. At present, only a 10-30% increase in salary is possible, which may be much less than the expectations of the employees.
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