New Delhi. Central employees and pensioners are keeping an eye on the recommendations of the 8th Pay Commission. The Commission is reviewing the existing structure related to salary, allowances and pension. In such a situation, based on the changes made in the 7th Pay Commission, the possibility of changes in five important areas is being expressed.
1. There may be change in pay matrix
The 7th Pay Commission had implemented pay matrix in place of pay band and grade pay. The 8th Pay Commission may recommend changes in the existing pay level, minimum wage and the system of increment at different levels.
2. Keep an eye on fitment factor
Fitment factor plays an important role in determining the new basic salary of employees. In the 7th Pay Commission it was 2.57. Employee organizations are demanding a higher fitment factor this time. However, the final decision will be clear only after the recommendation of the commission and the approval of the government.
3. Change in minimum wage possible
After the 7th Pay Commission, the minimum basic salary was made Rs 18,000. There may also be a recommendation to increase the minimum wage in the 8th Pay Commission. This may impact the entire pay matrix.
4. There may be change in allowances
The previous Pay Commission had reviewed many allowances. This time also review of HRA, transport allowance and other allowances is possible. Due to this, there may be a change in the total salary of the employees.
5. Keep an eye on annual increment also
In the 7th Pay Commission, the annual increment was kept at 3 percent. The 8th Pay Commission may suggest continuation of this system or changes in it. This will affect the future salary growth of employees.
Issues related to employees and pensioners will continue to be discussed in the upcoming meetings of the Commission. At present, the final decision regarding fitment factor, minimum wage and allowances has not come out, hence it would be premature to claim any fixed increase.