New Delhi, July 27: Finance Minister Nirmala Sitharaman presented her 7th Union Budget without mentioning the anticipated 8th Pay Commission, leaving over 49 lakh central government employees and 67 lakh pensioners in suspense. Expectations were high that the Finance Ministry would announce the 8th pay commission during the Budget 2024 speech.
The central government on Monday confirmed that it has no proposal to constitute the 8th Central Pay Commission for revision of pay and pension of Central Government employees.
Historically, a new pay commission is established every ten years, and following this pattern, the 8th Pay Commission would be due in 2025-26, potentially resulting in a salary increase of up to 44.44%. In recent weeks, several employee unions have urged the central government to set up the 8th Pay Commission to revise basic salaries, allowances, pensions, and other benefits. Notably, SB Yadav, General Secretary of the Employees Federation, sent a letter to the Cabinet Secretary advocating for the commission's establishment, the restoration of the old pension scheme, the release of 18 months' dearness allowance, and additional relief for employees and pensioners. 8th Pay Commission Update: Govt Gets Proposal to Establish 8th CPC; Know Implementation Date, Expected Salary Hike And Other Details.
However, the central government confirmed on Monday that there is no proposal to constitute the 8th Central Pay Commission for the revision of pay and pensions. MoS for Finance Pankaj Chaudhary informed the Lok Sabha of this decision, following a letter from Shiv Gopal Mishra, Secretary General of the Confederation of Central Govt Employees and Workers, pushing for the commission's implementation. 8th Pay Commission To Be Announced in Budget 2024? Centre Receives Another Proposal From Employees’ Union, Check Latest News Update.
Central government employees should note that the Seventh Pay Commission, established by Manmohan Singh on February 28, 2014, submitted its report on November 19, 2015, with its recommendations coming into effect on January 1, 2016.
(The above story first appeared on LatestLY on Jul 27, 2024 07:51 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).