New Delhi:The coming times are indicating major financial changes for central employees and pensioners. The round of meetings of the 8th Pay Commission is going on and at this time the most discussed issue is the demand to increase the fitment factor. If the government approves this demand of the employees, then there will be a historic increase in the salaries of more than 50 lakh serving employees, while there will also be a big jump in the monthly income of about 69 lakh pensioners. Employees believe that this amendment has become extremely necessary in view of the current inflation and cost of living. It will take some time to get the final approval on this entire proposal, because the final recommendations of the 8th Pay Commission are likely to be presented by May-June 2027.
demand for fitment factor
After Chennai and Puducherry, important meetings will be held in Chandigarh between 16 and 18 September. Among these, All India Pensioners’ Association, NC-JCM, AIDEF and New Pension Scheme Employees’ Association have proposed to increase the fitment factor to 3.833.
Employees say that this change is necessary in view of inflation and increasing expenses. This may also lead to a significant increase in the total take-home salary of the employees along with DA, HRA and other allowances.
mathematics of salary calculation
Fitment factor is the main coefficient with the help of which the old basic pay is converted into the new revised basic pay. It has a simple rule. Multiplying the current basic pay by the fixed fitment factor. At the time of implementation of the 7th Pay Commission, it was fixed at 2.57. Due to which the minimum basic pay of the employees directly increased from ₹ 7,000 to ₹ 18,000. Now if it is increased to 3.83 in the 8th Pay Commission, it will be an increase of about 1.26 times more than the previous revision.
Salary may increase up to Rs 51,000
The minimum basic salary of a Level-1 employee will jump from ₹18,000 to ₹68,940. That means there will be a direct increase of ₹ 50,940 in the basic salary only. The basic pay of Level-2 will increase from ₹19,900 to ₹76,217. The basic salary of Level-3 employees will increase from ₹21,700 to ₹83,111 and in Level-4 it will increase from ₹25,500 to ₹97,665. Talking about higher level posts, this amount will increase from ₹ 29,200 to ₹ 1,11,836 in Level-5 and from ₹ 35,400 to ₹ 1,35,582 in Level-6. Whereas the basic pay of Level-10 officers will directly touch the figure of ₹ 2,14,863 from ₹ 56,100.
Along with the salary increase, this step will also bring relief news for retired employees. If the fitment factor of 3.833 is valid, then the pension of a pensioner drawing a monthly pension of ₹25,000 will increase to ₹95,750. This decision will have a positive impact on the financial condition of more than 69 lakh pensioners. However, it will take some time to get the final approval on this entire proposal, because the final recommendations of the 8th Pay Commission are likely to be presented by May-June 2027.