7th Pay Commission: After 7CPC Declared as Last Pay Commission; Here’s What Might Happen to Minimum Wage
New Delhi, November 19: A large number of central government employees have been eagerly waiting for the hike in their minimum wage under 7th Pay Commission and it seems that their wait will be over in next two weeks as the National Anomaly Committee (NAC) will be presenting a report for higher Minimum Pay and Fitment Factor in December, in December. The NAC is expected to meet Union Finance Minister – Arun Jaitley to discuss the same.
According to reports, NAC is currently preparing its final report for a pay hike of 48 lakh central government employees, who are seeking their minimum pay hike and fitment factor to be adjusted above the recommendation made by the 7th Central Pay Commission earlier this year.
The 22-member National Anomaly Committee (NAC) will present its report by December 15 and it would be sent to the Union Cabinet for further perusal.
If the NAC report is approved, the government employees will see their minimum pay hike to Rs 21,000 from the revised Rs 18,000 salary and the Fitment Factor will be raised to 3x from the current 2.57 times.
Once approved, the NAC recommendation will be implemented from April 1, 2018.
Earlier this year, the Union Cabinet had approved many recommendations of the 7th Pay Commission, amongst which the Minimum Pay was hiked to Rs 18,000 from Rs 7,000 earlier and the Fitment Factor was made to 2.57 times.
After the 7th Pay Commission recommendations came into effect from July 1, 2017, scores of central government employees had expressed their dissatisfaction over the recommendations of 7CPC ad had demanded that the Minimum pay should be raised to Rs 26,000 and Fitment Factor to 3.68 times.
A rough estimate also suggests that the Central Government have saved approximately Rs 26,000 crore by delaying its decision on Minimum Pay hike and Fitment Factor for 18 months.