8th Pay Commission: For the past several days, there has been a lot of discussion about the Eighth Commission. Recently the formation of the 8th Pay Commission has been approved. After which now people are waiting for their salary to increase. Meanwhile, discussions are also taking place rapidly regarding ‘fitment factor’. So let us tell you what is fitment factor and what effect it will have on your salary.

What is ‘fitment factor’?
After the 8th Pay Commission, everyone’s eyes are on the ‘fitment factor’, because on the basis of this the salary and pension of central employees and pensioners are increased. Fitment factor is a multiplier with the help of which the old basic salary of the employees is converted into the new salary.

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Formula of Fitment Factor:
There is a basic formula for fitment factor, by which your salary is decided.

New Basic Salary = Existing Basic Salary × Fitment Factor

How does the formula work?
If the fitment factor increases, then the salary, pension, increment and arrears of the employees also increase.

For example, in the 7th Pay Commission the fitment factor was kept at 2.57. Due to this, the minimum basic salary increased from Rs 7,000 to Rs 18,000. According to the formula:

7,000 × 2.57 = 18,000

Although this seems like a huge increase, the Pay Commission is usually implemented once in 10 years.

Will there be fitment factor in 8th Pay Commission?
At present the fitment factor of the 8th Pay Commission has not been decided. But in many reports it is being estimated that it could be between 2.28 to 3.83.

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Let us tell you that even during the 6th and 7th Pay Commission, the fitment factor was much discussed. Earlier, different methods were used to increase the salary, such as adding dearness allowance and changing the salary structure. There was no fixed formula like ‘fitment factor’ in the first five pay commissions. At that time, the entire salary structure was changed to increase the salary.