8th Pay Commission: It has been discussed for a long time that the government may soon implement the 8th Pay Commission. But, now the government has given information regarding the 8th Pay Commission.
8th Pay Commission: Recently there was good news for central employees. Their dearness allowance has increased once again. The numbers of AICPI index are telling that once again there will be 4 percent DA Hike. But, meanwhile the discussion is about the 8th pay commission. Actually, the government has told the planning of the 8th Pay Commission. In the coming days, the salary of central employees will increase with the new formula. At present, the employees are getting salary under the 7th Pay Commission, but now a big update has come on the 8th Pay Commission. The government has finally told that when will the eighth pay commission come?
It has been discussed for a long time that the government may soon implement the 8th Pay Commission. But, now the government has given information regarding the 8th Pay Commission. Minister of State for Finance Pankaj Chaudhary has recently told in the Rajya Sabha what is going on regarding the Eighth Pay Commission.
No idea of bringing 8th pay commission
Minister of State for Finance Pankaj Chowdhary, while clarifying the situation regarding the 8th Pay Commission in the Rajya Sabha, said that at present there is no plan. But, the Pay Commission is formed only once in 10 years. That’s why it is not right in any way to have such a discussion before 10 years. But, there is no plan to think of any kind right now. A plan is being made by the Central Government to bring a performance-based system. But, till when it will come or what will happen in it cannot be said now.
Thinking of making a new formula
Let us tell you that the recommendations of the 7th Pay Commission were implemented in 2016. 7 years have passed since that point. If sources are to be believed, there is no idea on the formation of the 8th Pay Commission to fix the salary of central employees. But, a new formula is being made, due to which the salary of central employees will be fixed every year.
The whole year’s increment will be based on the rating
If sources are to be believed, the government is thinking of something different from the 8th Pay Commission to revise the salaries, allowances and pensions of central government employees and pensioners. There should be no need to set up a Pay Commission to review the salaries, allowances and pensions of central employees and pensioners. If sources are to be believed, the performance of central employees will decide how much and when their increment should be. For this, they will be given a rating for the whole year. The percentage of their salary will be decided on the basis of rating.
What can be the new formula?
The new formula which is discussed regarding the increase in the salary of central employees is Aykroyd formula. With this formula, the salary of the employees will be linked to inflation, cost of living and employee’s performance. Salary will increase only after assessing all these things. This will benefit all categories of employees. However, this is just a suggestion, it is being considered, no formula has been finalized yet. Apart from this, two or three other things have been done.
