Expected Salary Hike Under 8th Pay Commission Based on Fitment Factor Scenarios
After the formation of the 8th Pay Commission, lakhs of central government employees and pensioners have been waiting for their payout increase. Once chairperson Ranjana Prakash Desai-led pay commission decides on a fitment factor and submits its report, the central government will review and approve it. Once the Centre gives its go-ahead, Group A, B, C and D employees will see a rise in their basic salary. Pension will also be revised for pensioners. But what can be the revised payout for central government employees if the 8th Pay Commission decides on fitment factors such as 2.15, 2.57 or 2.86?
What can be the expected salary rise for different levels of employees in 8th CPC?
When you multiply the basic salary of an employee by the fitment factor, which is a multiplier for basic payout revision in a pay commission, the new basic pay is formed. For example, the fitment factor in the 7th Pay Commission was 2.57, so a Rs 7,440 basic pay in the 6th Pay Commission increased to Rs 18,000 in the 7th CPC.
Ramachandran Krishnamoorthy, director, payroll services, Nexdigm, says the key determinant of the salary increase will be the fitment factor.
Pratik Vaidya, managing director and chief vision officer, Karma Management Global Consulting Solutions Pvt Ltd, agrees with Krishnamoorthy.
Vaidya says the key determinant of salary hike will be the fitment factor.
What can be the fitment factor in the 8th Pay Commission?
Vaidya says that it can be in the range of 1.83 and 2.46, but he does not rule out a 2.57 fitment factor in the 8th Pay Commission.
Krishnamoorthy predicts the fitment factor in the 8th CPC can be in the range of 1.9–2.5 and should be applied uniformly.
What will be the projected salary hike if the fitment factor is 2.15?
If the fitment factor for the 8th pay commission is 2.15, the projected revised payouts can be-
- Level 1 (entry level, Group D): Current basic pay Rs 18,000 ? Revised pay Rs 38,700 ? Increase ˜ Rs 20,700
- Level 10 (entry level, Group A): Current basic pay Rs 56,100 ? revised pay (Rs 1,20,615) ? Increase = Rs 64,515
- Level 18 (Group A senior-most level): Current basic pay Rs 2,50,000 ? Revised basic pay (Rs 5,37,500) ? Increase = Rs 2,87,500
What will be the basic salary range if the 8th CPC fitment factor is 2.86?
If the fitment factor for the 8th Pay Commission is 2.86 the basic salary range will be as follows-
- Level 1 (entry level, Group D): Rs 18,000 ? Revised basic pay Rs 51,480 ? Increase = Rs 33,480
- Level 10 (entry level, Group A officer): Current basic pay Rs 56,100 ? revised basic pay Rs 1,60,446 ? Increase ˜ Rs 1,04,346
- Level 18 (top-most level in Group A): Rs 2,50,000 ? Revised pay Rs 7,15,000) ? Increase ˜ Rs 4,65,000
What will be the salary range if the fitment factor is 2.57?
If the fitment factor for the 8th Pay Commission is 2.57, the salary range will as follows-
- Level 1 (entry level, Group D): Current basic pay Rs 18,000 ? Revised basic pay Rs 46,260 ? Increase ˜ Rs 28,260
- Level 10 (Entry level, Group A): Current basic pay Rs 56,100 ? revised basic pay Rs 1,44,177 ? Increase ˜ Rs 88,077
- Level 18 (Senior-most Group A): Current basic pay Rs 2,50,000 ? Revised basic pay Rs 6,42,500) ? Increase ˜ Rs 3,92,500
Source: https://economictimes.indiatimes.com/wealth/save/8th-pay-commission-salary-hike-for-group-a-b-c-d-employees-see-calculations-at-different-fitment-factors/what-can-be-the-fitment-factor-in-the-8th-pay-commission/slideshow/126678541.cms
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