Published 15:11 IST, November 27th 2024
8th Central Pay Commission: When Will It Be Constituted?
While there are several media reports speculating that a formal announcement on the commission is expected by December-January 2026
- Economy
- 2 min read
There is a lot of buzz around the 8th Central Pay Commission and the likely salary hike that it may offer to central government employees. While there are several media reports speculating that a formal announcement on the commission is expected by December-January 2026, wherein salary changes and welfare measures will be expected. The government has, however, made not formal announcement on the 8th Pay Commission.
8th Central Pay Commission: When is it likely to be constituted?
The demands for the 8th Central Pay Commission were raised in Budget 2024-25. So far, there has been no clarification about the implementation date, but speculations suggest it will be implemented in January 2026.
8th Central Pay Commission (8th CPC): Likely Changes
If brought into effect, the 8th Central Pay commission will multiply 2.86 times the original salary amount of central government employees, as proposed by the National Council of the Joint Consultative Machinery (NC-JCM). The multiplier used to calculate salary is called fitment amount.
Just for instance thus, if the fitment amount is 2.86, then basic salary will increase from Rs 18,000 to Rs 51,480. If the minimum pension amount is Rs 9000, it will increase to 25,740. There will also be a revision of dearness allowance and other perks which is given to central government employees once the 8th CPC is implemented.
8th CPC: Will UPS change too?
The Unified Pension Scheme (UPS) is set to be implemented from April 1, 2025. The salary under this scheme is calculated 12 months prior to retirement. Under the 8th pay commission, UPS will change too.
Updated 10:07 IST, November 28th 2024