If the basic salary of a central employee is Rs 18,000, then his salary excluding allowances will be 18,000 X 2.57 = profit of Rs 46,260.
Before the new year 2023, central government employees (7th Pay Commission Fitment Factor update) can get great news. According to the latest media reports, before the upcoming dearness allowance, a decision can be taken on the fitment factor under the 7th Pay Commission, it can be increased from 3 percent to 3.68 percent. However, no official confirmation has been made by the government in this regard yet. Once again the discussions of the 8th Pay Commission have intensified.
According to media reports, the employee unions say that they are preparing a memorandum in this regard, which will soon be submitted to the central government. In this, a demand will be made to increase the salary or bring 8th Pay Commission according to the recommendations. If the government refuses to accede to their demands, the union will be forced to go on the path of agitation. In this movement, along with the employees, the employees before getting pension will also participate. Last time in 2017 the entry level basic pay was increased from Rs 7000 to Rs 18000 per month.
Actually, the fitment factor is a big parameter to decide the minimum salary of central employees. At present the fitment factor of the employees under 7th pay commission is 2.57 times and the basic salary is 18000. It is reported that the fitment factor can be increased to 3.68 percent, after which the minimum basic salary will be 26000. If 3 times increase is agreed then the minimum salary will be 21,000. A draft will be prepared for this, which will be shared with the government. As soon as there is a change in the fitment factor, its effect will be visible on the entire salary of the employees.
The special thing is that due to this factor, the salary of central employees increases by more than two and a half times. The Pay matrix prepared in the 7th Pay Commission is based on the Fitment factor, therefore the Fitment factor is considered to play an important role in the salary received by the employees. For example, if the basic salary of a central employee is Rs 18,000, then excluding allowances, his salary will be 18,000 X 2.57 = Rs 46,260. At 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. in salary 49,420 will be given as a profit. With 3 times the fitment factor, the salary will be 21000 X 3 = Rs.63,000.
If media reports are to be believed, the central government may bring a new pay formula instead of the 8th Pay Commission. Union Minister of State for Finance, Pankaj Chowdhary, while replying in writing to the question asked during the Question Hour in the House, said that the formation of the 8th Pay Commission has no proposal before the Government. For the time being, the Seventh Pay Commission will continue and under this, the employees will be given dearness allowance and other allowances including salary-pension. Although he did not completely deny that the 8th Pay Commission will not come.
New formula can also be considered
There is a possibility that instead of bringing a new pay commission, the Modi government may also consider a new formula for the salary of the employees. Under this, the central government can increase the salary on the basis of the performance of government employees under private companies. For this, a new plan can be brought by 2024, it can be named as ‘Automatic Pay Revision’, so that the salary will automatically increase when there is 50% DA, although no official confirmation has been made by the government yet. . If this happens, 68 lakh central government employees and 52 lakh pensioners will get its direct benefit.
