7th vs 8th Pay Commission: Projected Salary Revisions for Government Employees
The announcement of the 8th Pay Commission has sparked widespread interest and its formation would mark a significant step towards salary and pension revision. The 7th pay commission will conclude on December 31, 2026. The pay commissions are constituted to review and revise the salaries, allowances, and pensions of central government employees and this precedence is then followed by the state governments.
What is the Fitment Factor?
It is a crucial element in calculating revised salaries and pensions. It is multiplied by the existing basic pay to determine the new salary structure. For instance, a fitment factor of 2.08 would mean the basic pay will increase by 2.08 times its current value.
Projected Salary Revisions Under Different Fitment Factors
Here is the projected salary revisions for employees with basic pays of ₹18,000, ₹29,200, and ₹44,900 under three fitment factors: 2.08, 2.28, and 2.57.
Revised Salary for ₹18,000 Basic Pay
- Fitment Factor 2.08: ₹37,440
- Fitment Factor 2.28: ₹41,040
- Fitment Factor 2.57: ₹46,260
Revised Salary for ₹29,200 Basic Pay
- Fitment Factor 2.08: ₹60,736
- Fitment Factor 2.28: ₹66,576
- Fitment Factor 2.57: ₹75,044
Revised Salary for ₹44,900 Basic Pay
- Fitment Factor 2.08: ₹93,392
- Fitment Factor 2.28: ₹1,02,372
- Fitment Factor 2.57: ₹1,15,393
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