8th CPC latest news

8th CPC Pension and Pay Hike : Central Govt to Form before Loksabha ?

Speculations are bobbing up concerning capability precise news for employees within the new year, with expectations that the approaching Lok Sabha elections in 2024 can also lead to the implementation of the much awaited 8th CPC for the Central Govt Employees and pensioners.

If the central government makes a decision to introduce the eighth Pay Commission, personnel could witness a giant increase in their salaries, predicted to vary from ₹10,000 to ₹30,000. Notably, the First Pay Commission became mounted in January 1946, and in the routine activity, to revise the pay and pension structure, seventh Pay Commissions were instituted wef 2016.

There is optimism that present Govt authorities would possibly roll out the eighth Pay Commission in 2024, aligning with the impending Lok Sabha elections. Despite no official assertion from the Ruling Government, they have got conveyed their current reluctance to implement the 8th Pay Commission.

According to released data, there are about 49  lakh Employees and 67 lakh pensioners will be benefited with the expected 8th CPC.

The capacity implementation of the 8th Pay Commission in the future may want to notably advantage a widespread variety of people. As discussions preserve, employees eagerly anticipate trends that could positively effect their economic well-being.

The complex stability between authorities rules and the welfare of a numerous body of workers remains a focal point in those issues, because the prospect of a new pay commission unfolds at the horizon.

Various employee groups actively demanding the reinstatement of the old pension scheme (OPS), approval of pending Dearness Allowance (DA) for 18 months, and the establishment of the Eighth Pay Commission well in advance as it takes approx 2 years to complete.

Other organisation i.e All India Federation of NPS Employees vigorously represents its demands. The historic “Pension Jai Ghosh Rally” on December 10, last year has poised to address the national mission for the old pension scheme in India.

In case the government fails to fulfill the demands, an indefinite strike has been threatened by the organisation. This rally has symbolized a collective effort by these groups to voice their concerns and pressed for their legitimate rights, underscoring the significance of issues related to pension schemes and the overall welfare of employees across different sectors in the nation

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