8th Pay Commission: A big update is coming regarding the 8th Pay Commission. The central government has formed the Eighth Pay Commission Committee under the leadership of Justice Ranjana Desai, which will implement a performance-based formula for salary and pension.
The central government has made a big announcement regarding the Eighth Pay Commission. The Eighth Pay Commission Committee has been constituted, which will be headed by former Supreme Court judge Justice Ranjana Prakash Desai. He has been given 18 months to submit his report. This time the commission will rely on the performance-based formula, meaning that the salary of the employee will increase based on the amount of work he does.
Government notification issued on 8th Pay Commission
The government has issued an official notification naming the chairperson and members of the commission. It will be headquartered in New Delhi. The commission’s mission is to review the salaries, allowances, and benefits of central government employees and pensioners. This report will impact not only the financial well-being of millions of employees but also their families.
Who are the members of the 8th Pay Commission?
The Commission is chaired by Justice Ranjana Prakash Desai. Professor Pulak Ghosh has been appointed as a part-time member, and Pankaj Jain as Member Secretary. This team will determine the future of the salary structure for central government employees over the next one and a half years.
The Commission will also seek expert opinion, if necessary, to ensure its report is fair and economically viable.
Focus on Performance-Based Salary
According to the government notification, the main focus of the 8th Pay Commission this time will be on a performance-based salary structure. This means that employees’ salaries will be determined based on their work and performance.
High-performing employees may receive additional financial benefits, which will increase competition and accountability in government jobs. The government wants to attract more talented individuals to government service.
Which employees will be subject to the 8th Pay Commission?
The Commission’s scope is quite broad. It will include –
- Industrial and non-industrial employees of the Central Government
- Members of the Defense Forces
- Officers of the All India Services
- Employees of Union Territories
- Employees and judicial officers of the Audit Department, the Supreme Court, and High Courts (within Union Territories)
The Commission will review the bonus scheme and all allowances and may recommend the elimination of unnecessary allowances.
Pension System and NPS will also be reviewed.
The Commission will review both the National Pension System (NPS) and the Old Pension Scheme (OPS). The Commission aims to ensure that employees have a financially secure and dignified life after retirement.
It will also examine the Death-cum-Retirement Gratuity (DCRG) and gratuity rules to assess whether the current provisions are fair and sustainable.
When will the report be released and what will be its impact?
The Commission is scheduled to submit its final report within 18 months. If necessary, it can also submit an interim report. It is believed that if positive recommendations are made on the fitment factor and allowances, the salaries and pensions of central employees could see a significant increase.
The Commission will also have to consider the country’s economic situation, the government’s financial discipline, and the budget for development projects. This will also impact the states, as they generally adopt the central government’s recommendations.
Conclusion
Even before the 8th Pay Commission report is released, millions of employees are excited. If implemented, the ‘performance-based’ system could prove to be a landmark reform in India’s government employment structure.
Source Link: Tv9Hindi