8th Pay Commission Date 2024: Latest Updates & News
Countless employees of the central government are looking forward to the establishment of the 8th Central Pay Commission. This commission is set to tackle key elements like the foundational salary framework, the fitment factor ratio, the minimum wage, and the updated pay matrix.
For those who work or receive pensions from central, state, or public sector organizations, this article aims to illuminate your questions concerning the 8th Central Pay Commission. Our platform meticulously compiles information through discussions with leaders of various federations and associations, guaranteeing that the insights offered here are thorough and trustworthy for your knowledge and reference.
Constitution of 8th Pay Commission: Latest News on 22.7.2024
Parliamentary Debate on the Formation of the 8th Pay Commission for Central Government Workers The Minister of State for Finance, Shri Pankaj Chaudhary, revealed that two requests were submitted in June 2024 concerning the establishment of the 8th Central Pay Commission. Nevertheless, the government is not presently evaluating any proposals related to this commission.
Formation of 8th Central Pay Commission Latest Update April 2024
The Ministry of Personnel has forwarded a memo from the Indian Railways Technical Supervisors’ Association to the Department of Expenditure regarding the establishment of the 8th Central Pay Commission. This marks the beginning of the process aimed at evaluating and adjusting salary frameworks for government employees, highlighting the government’s commitment to fair remuneration.
8th Central Pay Commission Implementation Date – Explained
Topic | 8th Central Pay Commission |
Beneficiaries | Central Government Employees |
Panel Committee | Not Yet Constituted |
Panel Members | Not Yet Decided |
8th CPC Implementation Date | 1.1.2026 (Thursday) |
8th CPC Duration | 10 Years |
Home Page | Click Here |
When Will the 8th Central Pay Commission Be Constituted?
The formation of the 8th Central Pay Commission is expected to take place following the Union Cabinet Committee’s endorsement. This approval is likely to be secured in 2025. It is also anticipated that the major political parties, including the BJP and Congress, will pledge to implement the 8th CPC for Central government employees and pensioners in their manifestos for the upcoming 2024 general elections.
Understanding Fitment Factor Ratio in 8th Pay Commission
The Fitment Factor ratio in the 8th Pay Commission is an essential element of the report. In the earlier 7th CPC, this ratio was set at 2.57, playing a vital role in shaping salary frameworks. The determination of this ratio is closely linked to the percentage of Dearness Allowance, which significantly impacts total pay. In the end, the ultimate percentage of Dearness Allowance will determine the Fitment Factor ratio for the 8th Pay Commission.
4th to 8th CPC Fitment Factor Table
CPC | Pay Hike in % | Fitment Factor | Minimum Basic Salary |
4th CPC | 27.6% | – | 750 |
5th CPC | 31% | – | 2,550 |
6th CPC | 54% | 1.86 | 7000 |
7th CPC | 14.29% | 2.57 | 18,000 |
Calculation of 8th Pay Commission Fitment Factor
The reasoning for the 7th Pay Commission’s choice of various fitment factors to establish basic salaries is somewhat ambiguous. Different fitment factors, including 2.57, 2.62, 2.67, 2.78, and 2.81, were utilized to formulate the pay matrix table. This fitment factor is linked to the last installment of Dearness Allowance, with particular focus on the DA percentage after the conclusion of the 7th CPC term.
Forecasts indicate that the DA rate is expected to reach 62% by December 31, 2025, just before the upcoming 8th Pay Commission takes effect on January 1, 2026. Merging DA with the basic salary has been a standard procedure in all pay commissions. This process consists of adding the DA to the basic salary, after which the commission will assess the percentage increase for the following decade, covering the years from 2026 to 2035.
Basic Salary | 100% |
DA | 62% |
8th CPC Hike (Expected) | 27% |
Fitment Factor | 189% (1.89) |
Expected Salary Hike in 8th Central Pay Commission
7th CPC Basic Pay | 8th CPC Expected Basic Salary |
18000 | 34000 |
19900 | 37600 |
21700 | 41000 |
25500 | 48200 |
29200 | 55200 |
35400 | 66900 |
44900 | 84900 |
47600 | 90000 |
53100 | 100400 |
56100 | 106100 |
67700 | 128000 |
78800 | 149000 |
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