8th Pay Commission Salary Hike: More than 50 lakh government employees and 65 lakh pensioners will get direct benefit from the 8th Pay Commission. Earlier, the government had spent 1.02 lakh crores under the 7th Pay Commission.

8th Pay Commission Salary Hike: Ever since the announcement of the 8th Pay Commission, government employees are worried about how much their salary will increase after the implementation of the commission. But, now their wait seems to be over. Actually, Goldman Sachs has made an estimate about this, which shows how much the salary of government employees will increase after the implementation of the 8th Pay Commission.

What does the Goldman Sachs report say

According to the Goldman Sachs report, after the implementation of the 8th Pay Commission, the salary of government employees can increase from 14,000 to 19,000. Along with this, Goldman Sachs has estimated that this increase can be implemented in 2026 or 2027.

Understand it in simple language

At present, the average salary of central government employees is Rs 1 lakh per month (before tax). After the 8th Pay Commission, it can increase by 14 to 19 percent. Three possible plans have been made for this. If the government keeps a budget of Rs 1.75 lakh crore (for 50 percent salary and 50 percent pension increase), then the average salary will increase by Rs 14,600 per month. On the other hand, if a budget of Rs 2 lakh crore is kept, then the salary will increase by Rs 16,700 per month. Whereas, if Rs 2.25 lakh crore is allocated, then the employees will get a salary increase of Rs 18,800 per month.

50 lakh employees and 65 lakh pensioners will benefit

More than 50 lakh government employees and 65 lakh pensioners will get direct benefit from the 8th Pay Commission. Earlier, the government had spent 1.02 lakh crores under the 7th Pay Commission.

When will the 8th Pay Commission be implemented?

On 16 January 2025, the Union Cabinet approved the 8th Pay Commission. However, the names of the chairman and members of the commission have not been decided yet. The report of the commission can be implemented in 2026 or 2027.

Tremendous jump in salary due to fitment factor

Under the Pay Commission, the fitment factor is fixed, which increases the salary. In the 7th Pay Commission it was 2.57 and now there is a demand that it should be increased further. If the fitment factor remains 2.57, then the minimum salary will increase from 18,000 to 46,260. Whereas, the minimum pension will increase from 9,000 to 23,130. If the fitment factor is fixed at 1.92, as estimated by former Finance Secretary Subhash Garg, then the minimum salary will be 34,560. Although the employees had demanded a fitment factor of 2.86, it may be challenging for the government to implement it.