7th Pay Commission News: Finance Ministry Forms Panel to Decide Hike in Minimum Pay, Fitment Factor
New Delhi, September 25: A large number of central government employees who are eagerly waiting for their pay hike may get higher salaries from January 2018. According to a report published by The Sen Times said, “The government is planning to hike the basic salaries over 7th Pay Commission recommendations. If the cabinet clears the nod in this regard, it will be effected from January 2018″.
Another source quoted by The Sen Times further added, “The fitment factor for basic pay will be raised to 3.00 times from 2.57 times which has been approved by the Union Cabinet on January 29”.
Earlier there were speculations that rise in fitment factor by three times pushing minimum pay to Rs 21,000 from the current Rs 18,000. The government will also increase the pension of 52 lakh central government employees, the official added.
In June, the Union Cabinet approved most of the recommendations of the 7th Pay Commission for central government employees. This increased minimum pay to Rs 18,000 from earlier Rs 7,000.
A large number of central government employees unions including the National Joint Council of Action were demanding the rise in minimum pay to Rs 26,000 and raising fitment formula to 3.68. The 7CPC had recommended a 14.27 per cent hike in basic pay – the lowest in 70 years.
The National Anomaly Committee, headed by Secretary of Department of Personnel and Training (DoPT), will also hold a meeting by the end of September or the first week of October.
“The minimum wage of central government employees of Rs 18,000 was made on recommendations of the 7CPC. But the government will consider hiking it after discussions with all stakeholders,” Jaitley said in a meeting.