Latest news with #8thCPC
India.com
5 days ago
- Politics
- India.com
8th Pay Commission BIG Update: Pensioners' Federation writes to Modi government, Panel likely to be formed by…, Finance Ministry to…
8th Pay Commission Latest Update New Delhi: In a major development, the Bharat Pensioners Samaj (BPS) has written to the Finance Minister and the Secretary, Department of Personnel and Training, calling for quick action on the 8th Central Pay Commission. The Bharat Pensioners Samaj (BPS) one of the oldest and largest federations representing pensioners and senior citizens. In the letter, the federation has appealed for early finalization of the Terms of Reference and prompt appointment of the chairman and members of the 8th CPC. Expressing concerns, the federation has said that the delay in fixing the ToR and the appointment of the chairman and members of the 8th CPC is creating an atmosphere of anxiety and uncertainty among the central government employees and pensioners. The letter written by the BPS reads, '…the lack of further progress — notably the non-finalization of the Terms of Reference and the absence of announcements regarding the Chairman and Members of the Commission- has led to growing unease.' 'The prolonged delay is fuelling rumours, speculations, and misunderstandings, causing anxiety and uncertainty among government pensioners. Unverified information circulating on various media and social platforms is creating confusion and adversely affecting morale.' The federation said, 'Given the criticality of the situation, we humbly request your good offices to kindly expedite the necessary steps.' These steps are as follows: Early finalization of the Terms of Reference (ToR), Prompt appointment of the Chairman and Members of the 8th CPC, and Ensuring representation of pensioners in the Commission. In the letter penned by Secretary General of BPS SC Maheshwari, the federation said that 'Clear and timely communication will not only dispel rumors and reassure stakeholders but will also facilitate the smooth and effective functioning of the Commission to deliver its recommendations on schedule.' Here are some of the important details: More than 1.2 crore central government employees and pensioners are eagerly awaiting the formation of the 8th Pay Commission Despite the government's approval on January 16, 2025, the Pay Commission has not been formally constituted. However, according to the reports, the Modi government is likely to form the panel soon. The ToR and the appointment of the chairman and other important members have also not yet been completed. The government on January 16 announced the approval of the implementation of the 8th Pay Commission. The Pay Commission is scheduled to be implemented from January 1, 2026. A look at the process of the 7th commission revealed that it took an average of 2 to 2.5 years to prepare the report and implement it. Given the current circumstances, if the commission is constituted in late 2025 or early 2026, the report will be completed by 2027 or 2028.
India.com
6 days ago
- Politics
- India.com
8th Pay Commission: Anxiety, Curiosity Among Central Govt Employees As Panel Formation Still In Limbo
2 / 7 The BPS said that the delay in fixing the ToR and the appointment of the chairman and members of the 8th CPC is creating an atmosphere of anxiety and uncertainty among the central government employees and pensioners. The letter written by the BPS reads, '…the lack of further progress — notably the non-finalization of the Terms of Reference and the absence of announcements regarding the Chairman and Members of the Commission- has led to growing unease.' 'The prolonged delay is fuelling rumours, speculations, and misunderstandings, causing anxiety and uncertainty among government pensioners. Unverified information circulating on various media and social platforms is creating confusion and adversely affecting morale.'
News18
10-05-2025
- Business
- News18
8th Pay Commission: How Much Salary Hike Will Central Govt Employees Get If Fitment Factor Is 2.86?
Last Updated: 8th Pay Commission: Expectations are high among government employees that the fitment factor, revised pay matrix, allowances, and pension structures will be finalised in 2025. 8th Pay Commission: The central government announced the 8th Central Pay Commission (CPC) in January this year, well before the current pay structure expires in December 2025. The upcoming commission is eagerly awaited by millions of central government employees and pensioners, as it is expected to revise pay and pension structures significantly. According to reports, the government is already in the process of filling 42 key positions, including consultants and the chairperson of the 8th CPC. The new commission is expected to begin its work soon, once the Terms of Reference (ToR) are finalised. One of the key areas of focus will be the revision of the fitment factor, which plays a crucial role in determining salary and pension increases. The 8th Pay Commission will revise salaries, pensions, and allowances, directly benefiting over 50 lakh central government employees and over 65 lakh pensioners. What Is the Fitment Factor? The fitment factor is a multiplier used to calculate the revised basic pay for central government employees when a new pay commission is implemented. It ensures uniform salary hikes during the transition from the old to the new pay structure. Formula: New Basic Pay = Old Basic Pay × Fitment Factor Under the 7th Pay Commission, the fitment factor was set at 2.57. For instance, if an employee's basic pay was Rs 10,000 under the 6th CPC, their revised pay became: If current basic pay = Rs 20,000 Then new basic pay = Rs 20,000 × 2.86 = Rs 57,200 This reflects a remarkable jump in take-home salary, especially compared to the hike seen during the previous pay commission. (Note: These are estimated values assuming a uniform fitment factor.) What Lies Ahead for Government Employees? While the government has not yet made an official announcement, expectations are high that the fitment factor, revised pay matrix, allowances, and pension structures will be finalised in 2025. Employees are particularly keen to learn whether the 8th CPC will propose a uniform fitment factor across all levels, which could simplify salary structures and enhance fairness. Until official announcements are made, government employees remain in anticipation, hoping that the 8th Pay Commission brings substantial financial relief in line with rising costs of living and inflation. Watch India Pakistan Breaking News on CNN News18. Stay updated with all the latest business news, including market trends, stock updates, tax, IPO, banking finance, real estate, savings and investments. Get in-depth analysis, expert opinions, and real-time updates—only on News18. Also Download the News18 App to stay updated! First Published: May 10, 2025, 14:15 IST
