8th Pay Commission Update: With the dearness allowance hiked for the July-December period, will the Centre finally make a decision on setting up the next pay commission? This question is likely on the minds of crores of central government employees and pensioners, who believe there may be announcements soon, especially considering the trend in which the Centre has implemented new pay commissions approximately every 10 years. The new pay commission is expected to propose a revision in salaries and pensions of government employees taking into consideration various economic indicators, especially inflationary trends.
After a long wait, central government employees and pensioners have been granted a dearness allowance (DA) of 3%, as expected. With this increase, the DA now stands at 53% of the basic pay for employees. This hike is effective from July 1, 2024, meaning employees and pensioners will receive three months of arrears when they get their October salary, just before Diwali.
Also read: DA Hike up to 9%: Central govt employees’ dearness allowance hiked 3%, while states’ hikes much higher – Why the difference
Also Read DA Hike 2024: Diwali gift! Central govt employees will get October salary with 3% DA hike and 3 months’ arrears Good news for central govt employees! CGHS services expansion on the cards – Details inside DA hike, festival bonus delays cause ‘severe discontent’ among central govt employees Central govt employees, pensioners alert! CGHS guidelines revised – Here are new benefits and more details
8th Pay Commission announcement likely early next year?
It is expected that the Centre might establish the 8th Pay Commission early next year probably in the Union Budget 2025. Once the commission is formed, it takes some time to finalize its recommendations before submitting its report to the Centre, says a Union leader, who feels Budget 2025 would be “appropriate time” to make an announcement. The last time, the 7th Pay Commission took more than 18 months to finalize its report, which was implemented from January 2016.
How will 7th Pay Commission impact salary and pension of central govt employees?
Like they saw in previous pay commissions, employees and pensioners are eager to see what changes this 8th Pay Commission brings to their emoluments. During the transition from the 6th Pay Commission to the 7th, employee unions advocated for a fitment factor of 3.68 for salary revisions.
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