8th pay commission
Ever since the formation of 8th Pay Commission has been approved by the Government of India. Since then there is a lot of discussion about this. Right now the demands related to the increase in their salary and pension by the employee organizations have been presented to the government. In the 8th Pay Commission, the basic salary of employees can be 51 thousand rupees monthly from Rs 18 thousand per month, in which Dr. Walese Acrowy formula will be used. Let us tell you what this formula is. How will you benefit from this?
After implementing the Eighth Pay Commission by the Central Government, the basic salary and allowance of the employees will increase. Also, due to improvement in fitment factor, pension is also likely to increase after retirement. Acroid formula will be used by the government for how much pension and salary of the people will increase. This time the measure of a unit of the family will be increased to 3.6 from 3 to 3.6, so that the income of longer family members can be properly estimated.
What is Dr. Walece Acroid Formula
The government is used to use Dr. Walese Acroid Formula to fix the minimum cost to live the lives of employees. In this, calculations of monthly salary are done on the basis of the needs of eating and drinking of average employees. This formula was first used in the 15th Indian Labor Conference 1957.
Salary will increase so much
When the 7th Pay Commission was implemented in 2016 towards the central government. Even then there was an increase in salary and pension of central employees. If this formula is used, then the salary of employees can increase 3 times. At the same time, if the fitment factor 2.86 is applicable, then the minimum basic salary will increase from Rs 18 thousand to Rs 51480 and the pension can increase from Rs 9 thousand to Rs 25740.