8th Pay Commission: 34% Salary Hike Likely for Central Govt Employees, Pensioners

• Nearly 49 lakh central government employees and 68 lakh pensioners could see a major financial boost.
• The 8th Pay Commission is considering a fitment factor of 2.57, potentially leading to a 34% salary and allowance increase.
• Pensions are also expected to be revised using the same principle, benefiting retirees.
• A basic salary of Rs 18,000 could jump to Rs 46,260 with the 2.57 fitment factor.
• Recommendations are expected by June 2027, with implementation from January 1, 2026, including potential arrears.