8th Pay Commission: With the recommendations of 8th wage committee, the wages of employees are doubled? What is a fitment factor?
8th Pay Commission: The Center announced the 8th wage committee this month. But its chairman has not been finalized yet. In addition, the 8th wage committee did not allocate any funds in the budget presented in Parliament on 1 February. Therefore, there was some dissatisfaction among the employees. After the formation of the 8th wage committee, the government has implemented the proposed recommendations made by the Commission, and the wages of central government employees may increase by 100 percent.
Proposal for 8th Pay Commission ..
The 8th Pay Commission is an important proposal to merge the DA in the original wages. It is the final follow -up under the 5th wage committee. Another proposal for 100% increment with the proposed Fitment Factor 2. The JCM National Council has proposed the National Council Consultant Machinery NC-JCM to include dearness allowance (DA) in the new wage committee. In 2016, demand was also demanded during the 7th wage committee. But the government did not accept it at that time.
In the 5th wage committee ..
During the 5th wage committee (1996–2006), there is a rule that DA will be included in the original salary after more than 50 percent. As a result, DA merged in 2004. It provided high salary to employees. However, the 6th wage committee (2006) has canceled the rule. Da () has stopped the method of including the original salary.
Double salary with fitment 2 aspect
JCM National Council Trade Union leader M Raghwaiah said that the fitment 2 factor should be investigated under the 8th wage committee. As a result, the salary of central government employees and pensioners will increase and their earnings will increase significantly. Currently, the minimum basic salary of central government employees is Rs. 18,000. If the proposed Fitment Factor 2 is approved, the new minimum basic wages are Rs. Grows up to 36,000. This doubles the salary of millions of government employees.
Pensioners also benefit
The proposed wage amendment also affects pensioners. Currently, minimum basic pension Rs. 9,000. With Fitment Factor 2, it is Rs. Growing up to 18,000, which can give very necessary relief to retired employees. The government has not yet finalized the chairman and members of the 8th wage committee. Major issues like DA Merger and Veg Hike are being discussed. An official decision is likely to take in the coming months.
What is a fitment factor?
The fitment factor represents the coefficient unit used to edit basic wages and pension of government employees. For example, fitment factor 2.57 is 157 % veg hike. As a result, the minimum wage of Rs 18,000 per month will increase to Rs 46,260. The minimum pension of Rs 9,000 per month will also increase to Rs 23,130. With 2.57 fitment factor in the 7th Veg Society, wages and pension have increased from 157 percent to Rs 18,000 to Rs 18,000.
8th wage committee ..
According to the 8th wage committee, there is a demand for 2.86 fitment factor. However, former Finance Secretary Subhash Garg said in an interview that it was the moon as asked. He then mentioned the 1.92 fitment factor. If the fitment factor is approved by 1.92, the minimum wage of central government employees will increase by Rs 18,000 to Rs 34,560.
