8th Pay Commission: Will central pensioners get an 186% hike in pension? Know about fitment factor and DR revision.

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8th Pay Commission: Will central pensioners get an 186% hike in pension? Know about fitment factor and DR revision.

//politics-government.news-articles.net/content/ .. n-know-about-fitment-factor-and-dr-revision.html

Published in Politics and Government on Thursday, January 23rd 2025 at 5:40 GMT by

MSN

The article discusses the potential implementation of the 8th Pay Commission in India, which could lead to significant changes in the salary and pension structures for central government employees and pensioners. It mentions that if the 8th Pay Commission is introduced, there might be an increase in the fitment factor, potentially raising it from 2.57 to 3.68, which would result in a substantial hike in basic pay. For pensioners, this could mean an increase in their pensions by up to 186%. The article also touches on the Dearness Allowance (DA) and Dearness Relief (DR), which are revised periodically to counteract inflation. However, there's no official confirmation yet on the formation of the 8th Pay Commission or the exact changes it might bring, leaving these details speculative. The current 7th Pay Commission's recommendations are still in effect, with the next revision expected around 2026.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/8th-pay-commission-will-central-pensioners-get-an-186-hike-in-pension-know-about-fitment-factor-and-dr-revision/ar-AA1xIn4P ]

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