With the likely arrival of the 8th Pay Commission, central government employees should expect a significant increase in their minimum income. Contrary to early rumours, there appears to be a growing spark for the creation of this commission, which might lead to pay increases much greater than those of the Sixth Pay Commission.
Impending Formation of the 8th Pay Commission
As of now there is no formal proposal for the creation of the 8th Pay Commission. Some media reports suggests that the government may pick up pace after the Lok sabha elections 2024. The commission’s formation appears to be under consideration by the government somewhere in 2025 or 2026.
Anticipated Changes and Salary Revision
It is anticipated that the 8th Pay Commission would bring about a number of changes in comparison to its predecessor. In contrast to the fitment factor that was applied in earlier commissions, the next commission may use a new formula for pay increases. Additionally, there may be changes to the commission’s composition, which might result in more regular revisions—possibly once a year.
Historical Context
When comparing previous pay commissioners, the minimum salary rise for central personnel occurred at the slowest rate during the 7th Pay Commission. There was a modest increase in salary as a result of the fitting factor. In contrast, significant increases ranging from 27.6% to 54% were observed in earlier commissions, such as 5th, and 6th.
Potential Salary Increment
If the 8th Pay Commission follows the previous commission’s lead, the fitment factor may go up by as much as 3.68 times. This would result in a 44.44% increase in the minimum wage, with a potential peak of Rs 26000.
Timeline for Commission Formation
There’s no set timeline for the creation of the 8th Pay Commission, but it could happen after the 2024 general elections.