New Delhi: The discussion between inside employees and pensioners regarding the 8th Pay Commission has intensified. Most of the focus is on the fitment factor, considering this is the understructure that will decide the vital salary of the employees in the new pay structure. There has been a demand from employee organizations to increase the minimum vital salary to Rs 69,000 and the fitment factor to 3.83. If this demand is wonted then there may be a big transpiration in the income of lakhs of employees and pensioners.
However, no proposal has been tried by the government yet and the final visualization will be taken only without the recommendations of the Pay Commission.
What is the logic stuff given overdue the demand of Rs 69 thousand?
The representative organization of inside employees has said in its memorandum that the current salary structure is no longer in line with rising inflation and forfeit of living. For this reason, a demand has been raised to increase the minimum vital salary from the current level to Rs 69,000. Employee organizations oppose that expenditure on housing, education, health and transport has increased rapidly in the last few years, which has unauthentic the real income of employees.
What is fitment factor?
Fitment factor is the multiplier on the understructure of which the existing vital pay is revised. For example, if the vital salary of an employee is Rs 18,000 and a fitment factor of 3.83 is applied, then his revised vital salary can reach virtually Rs 69,000. This is the reason why fitment factor is considered the most important topic in the discussions of the Pay Commission.
How diverse are the demands of employee organizations?
Different employee organizations have proposed variegated fitment factors. While NC-JCM has demanded a fitment factor of 3.83, some other organizations have proposed 3.0, 3.25 and up to 3.68. Employee organizations of Jammu and Kashmir have demanded increasing the minimum wage from Rs 51,480 to Rs 66,240 and implementing fitment factor between 2.86 to 3.68.
Can the government winnow these demands?
At present the government has not given official consent to any proposal. The Pay Commission is currently considering the suggestions of various employee organizations, departments and pensioners. Experts believe that the final recommendation will be prepared by striking a wastefulness between the demand of employees and the financial topics of the government. Therefore, it would be premature to consider the vital salary of Rs 69,000 and fitment factor of 3.83 as final.
What are the vision of millions of employees on?
About 50 lakh inside employees and increasingly than 60 lakh pensioners are waiting for the recommendations of the 8th Pay Commission. Possible changes in salary hike, pension revision, house rent wage (HRA) and other solatium will directly stupefy their financial condition. In such a situation, the visualization on fitment factor will play an important role in deciding the income structure of the coming years.
