7th Pay Commission: Dreaming about pay hike? 2.8 fitment factor is what you will get
New Delhi: If you are looking to pay hike, there’s something really important that you need to know.
The central government is willing to dole out hikes, and pay increase may be just 2.8 fitment factor, according to the top official of the finance ministry.
The central government employees, who receive salaries from pay matrix level 1 to 5, are expected to receive hike in pay with fitment factor 2.80 instead of 2.57.
The fitment factor is a figure used by 7th Pay Commission with which the basic pay in 6th Pay Commission is multiplied for basic pay of the 7th Pay Commission.
The pay matrix, a chart that shows the levels of pay in in relation to different posts, that was used by 7th Pay Commission to decide pay increases with help of erstwhile grade pay and pay band of the 6th Pay Commission.
Over two years, with increasing pressure on government, there is an emerging to declare the pay hike ahead of the general elections.
Earlier, the 7th Pay Commission had recommended the minimum pay from Rs 7,000 to Rs 18,000 per month with a fitment factor of 2.57 has been proposed to apply for lower level employees, which was got cabinet nod on June 29, 2016.
The 7th Pay Commission had also recommended 14.27 per cent hike in basic pay at junior levels, the lowest in 70 years. The previous 6th Pay Commission had recommended a 20 per cent hike which the government doubled while implementing it in 2008.
So, the central government employees unions have been demanding minimum pay Rs 26,000 instead of Rs 18,000 and asked to raising fitment factor 3.68 times from 2.57 times. They had threatened to go on an indefinite strike over it on July 11, 2016.
They had called off their indefinite strike following the pay hike promise of the Finance Minister Arun Jaitley on June 30, 2016.
Jaitley also reiterated his promise in Rajya Sabha on July 19, 2016.
The official also said the Finance Ministry is working on the process of pay hike to keep Jaitley’s promise and he is expected to rejoin as finance minister later this month after renal transplant.
The official added Jaitley may declare pay hike ahead of the general elections, paving the way for a possible win of BJP in the elections.