New Delhi. The 8th Pay Commission has come as a big hope for lakhs of central employees and pensioners of the country. As the discussions regarding the commission are intensifying, the expectations among the employees regarding increase in salary, allowances and pension are also increasing. It is believed that if the recommendations of the Commission are implemented, the employees can get huge benefits at many levels.
1. Big increase in salary
The biggest hope is regarding salary increase. There can be a significant increase in the basic salary due to change in the fitment factor, which will lead to a big improvement in the total income.
2. Increase in pension
Relief is also expected for pensioners. Once the new system is implemented, the pension can be revised and increased as per the current inflation and standard of living.
3. Improvement in dearness allowance
There is a possibility of change in the calculation and structure of dearness allowance in the new pay commission, so that the employees can get relief from rising inflation.
4. Change in fitment factor
Employee organizations are demanding that the fitment factor be increased, so that direct benefits can be provided in both basic salary and grade pay.
5. Revision of allowances
There is also a possibility of change in the rates of House Rent Allowance (HRA), Travel Allowance (TA) and other allowances, which may lead to an increase in the total salary.
6. Benefit of arrears
If the Pay Commission recommendations are implemented with backdate, the employees are likely to get arrears worth lakhs of rupees.
7. Reforms in pension formula
There is talk of further improving the pension calculation formula in the new system, so that retired employees can get more stable and increased pension.
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