Salary Hike Update: Big good news for more than 01 crore employees and pensioners. As you know that a few days ago the Central Government approved the formation of the 8th Pay Commission, after which happiness spread in the minds of employees and pensioners. Union Minister Ashwini Vaishnav has recently hinted towards its issuance next in year in addition to the 8th Pay Commission.
Just so you know, prior to the introduction of the general budget, the formation of the 8th Pay Commission had already been sanctioned by the Central Government. Now tell that employees and pensioners of crores will be getting the benefit of this decision of the government. Best Content : Under this sixth pay commission, crores of employees get bumper increase in salary. Informed let us know about this news in detail.
Salary Hike Update
As you all know that the Pay Commission determines the pension and allowances in addition to the pay of the employees and pensioners. Every five years, a new pay commission is formed to revise the salary and pension structure for the employees. It is further worth noting that the formation of 8th Pay Commission has been approved while experts are telling that there will be hike in employee’s salary after implementation of new pay commission.
How Much Will The Salary Increase?
Therefore, just so you know, as soon as the implementation of the 7th pay commission is completed, Salary & Pension facility of all government employees and pensioners will be augmented. The specialists are saying that the workers who able to get 18 thousand are able to get a salary of Rs 35 thousand after new pay commission implementation an employee get an increase of 92% in the salary.
When Will 8th Pay Commission Be Implemented?
As you all also know that pay commission comes into effect 10 years, let us tell you that the 7th pay commission came into force in the year 2016 and will expire in the year 2026. Telling the information by Union Finance Minister Ashwini Vaishnav, it has been told that 8th Pay Commission will be implemented properly. This obviously indicates that the 8th Pay Commission will be introduced immediately after the term of the 7th Pay Commission is over.
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