Exciting Updates for Central Government Employees
Central government employees can rejoice as news about the 8th Pay Commission and its potential benefits is making waves. Although no official announcement has been made yet, reports suggest that the commission may roll out by 2026, promising significant changes in salaries and pensions under the Unified Pension Scheme (UPS).
Starting in 2025, retired central government employees under the Unified Pension Scheme will receive 50% of their average salary from the last 12 months as a monthly pension. This change aligns with the anticipated revisions in the 8th Pay Commission.
A new fitment factor will likely be introduced to adjust salaries and pensions. While the 7th Pay Commission used a factor of 2.57, the 8th Pay Commission is expected to revise it to between 2.86 and 1.92.
- Salary Impact: The minimum salary could rise from ₹18,000 to ₹51,480.
- Pension Impact: Monthly pensions could increase from ₹9,000 to ₹25,740.
- Lifetime pension for retired employees.
- Minimum pension of ₹10,000 for those with at least 10 years of service.
- Spouse to receive 60% of the pension upon the retiree’s death.
- Pro-rata pension for employees with less than 25 years of service.
These anticipated changes under the 8th Pay Commission could greatly benefit employees and retirees, ensuring financial security and improved standards of living. Stay tuned for official updates!
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