By Admin 
8th pay commission salary hike: Ever since the announcement has been made about the 8th Pay Commission, government employees are worried about how much their salary will increase when the commission is implemented. But, now their wait seems to be over. In fact, 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 Goldman Sachs report say
According to the report of Goldman Sachs, after the implementation of 8th Pay Commission, the salary of government employees can increase by 14,000 to 19,000. Along with this, Goldman Sachs has estimated that this increase may be applicable in 2026 or 2027.
Understand this in easy language
Currently, 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 holds a budget of 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. At the same time, if a budget of 2 lakh crore is kept, then the salary will increase by Rs 16,700 per month. Whereas, if 2.25 lakh crore are allocated, then employees will get an increase of 18,800 per month in salary.
50 lakh employees and 65 lakh pensioners will benefit
More than 50 lakh government employees and 65 lakh pensioners will directly benefit from 8th Pay Commission. Earlier, under the 7th Pay Commission, the government spent 1.02 lakh crore.
When will the 8th Pay Commission apply?
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 Commission report may apply in 2026 or 2027.
Fitment factor has a tremendous boom in salary
The fitment factor is fixed under the Pay Commission, which increases the salary. It was 2.57 in the 7th Pay Commission and now it is being demanded that it be increased further. If the fitment factor remains 2.57, 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 1.92 is fixed, as is estimated by former Finance Secretary Subash Garg, the minimum salary will be 34,560. Although the demand of employees was from 2.86 fitment factor, it can be challenging for the government to implement it.
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