By Admin 
8th pay commission: Prime Minister Narendra Modi approved the formation of the 8th Pay Commission in January 2025. It is likely to be implemented from 1 January 2026. However, given the delay in its process, experts estimate that it can be avoided till 2028 as neither the chairman has been appointed nor the members have been selected for the Commission. Whereas millions of central government employees and pensioners across the country are eagerly waiting for it.
Will bank employees get the benefit of 8th pay commission?
The 8th Pay Commission will only apply to the employees of the Central Government. On its implementation, salary of employees of all departments working under the Central Government will increase. Also, the pension of retired personnel will also increase. However, bank employees will not come under the purview of the 8th Pay Commission because their salary is amended under the agreement with the Indian Banks Association (IBA) and not through the Pay Commission. This means that government bank employees will not get the benefit of 8th pay commission, their salary will not increase.
Government cleaning on delay on formation of commission
Answering a question in the Rajya Sabha on August 12, Minister of State for Finance Pankaj Chaudhary said that the notification of the 8th Pay Commission is still pending as suggestions are being taken from different stakeholders regarding the Terms of Reference of the Commission. Suggestions have been sought from major stakeholders including the Ministry of Defense, Ministry of Home Affairs, Personnel and Training Department and States. Here, media reports are claiming that terms of references can be released this month, so discussions about the Eighth Pay Commission have intensified again.
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