8th Pay Commission: Several employee unions, in the recent past, representing central government employees, have submitted many proposals to the Centre on the 8th Pay Commission.
8th Pay Commission Latest News: As Finance Minister Nirmala Sitharaman is all set to present her 7th Union Budget at 11 AM on Tuesday, expectations are running high among Central government employees that the Finance Ministry would announce the 8th Pay Commission in her budget speech. Once the 8th Pay Commission is announced, over 49 lakh central government employees and 67 lakh pensioners will be benefitted.
It should be noted several employee unions, in the recent past, representing central government employees, have submitted many proposals to the Centre on the 8th Pay Commission.
During the Budget presentation, FM Sitharaman is likely to make a major announcement regarding the establishment of the 8th Pay Commission, according to reports.
Going by the past trends, a new pay commission is established every ten years. If the Centre goes by this pattern and introduces the 8th Pay Commission in 2025-26, it could result in a salary increase of up to 44.44%.
In the recent weeks, several employee union have urged the central government to establish the 8th Pay Commission to revise basic salaries, allowances, pensions, and other benefits.
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In a recent letter addressed to the Cabinet Secretary, SB Yadav, General Secretary of the Employees Federation, called for the creation of the 8th Pay Commission, the restoration of the old pension scheme, the release of 18 months’ dearness allowance, and additional relief for employees and pensioners.
The Central government employees must note that the Seventh Pay Commission was formed by Manmohan Singh on February 28, 2014 and it submitted its report on November 19, 2015. Recommendations of the 7th Pay commission came into effect on January 1, 2016.
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