8th Pay Commission– The government had approved the formation of the 8th Pay Commission in January 2025. It is likely to be implemented from January 1, 2026. However, given the delay in its process, experts estimate that it may be postponed till the year 2028 because neither the chairman has been appointed for the commission nor the members have been selected. While lakhs of central government employees and pensioners across the country have been eagerly waiting for it for a long time.
Will bank employees get the benefit of 8th Pay Commission?
The 8th Pay Commission will be applicable only to the employees of the Central Government. After its implementation, the salary of the employees of all the departments working under the Central Government will increase. Along with this, the pension of retired employees will also increase. However, bank employees will not come under the purview of the 8th Pay Commission because their salary revision is done under the agreement with the Indian Banks Association (IBA) and not through the Pay Commission. This means that government bank employees will not get the benefit of the 8th Pay Commission, their salary will not increase.
Government’s clarification on the delay in formation of the commission
Responding to a question in the Rajya Sabha on August 12, Minister of State for Finance Pankaj Chaudhary said that the notification of the 8th Pay Commission is still pending as suggestions are being taken from various stakeholders regarding the terms of reference of the commission. Suggestions have been sought from major stakeholders including the Ministry of Defense, Ministry of Home Affairs, Department of Personnel and Training and the states. Meanwhile, media reports are claiming that the Terms of Reference may be released this month, so discussions about the Eighth Pay Commission have intensified again.
What are the details
Shiv Gopal Mishra, secretary of the employee side of the National Joint Council Consultative Machinery (NC-JCM), told NDTV Profit, “We hope that the government will soon approve the Terms of Reference (TOR). We hope that it will be approved by this month, but nothing can be said right now.” Let us tell you that NC-JCM, an institution made up of bureaucrats and employee union representatives, acts as an important platform for resolving disputes between the central government and its employees through dialogue.
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