8th Pay Commission: Massive Salary Hike Likely for 55 Lakh Employees, Fitment Factor May Increase Basic Pay

The Central Government has approved the Terms of Reference (ToR) for the 8th Pay Commission, paving the way for a major revision in salaries, pensions and allowances for nearly 55 lakh central government employees and 69 lakh pensioners. The move has raised expectations of a significant increase in take-home pay, with employee unions demanding a higher fitment factor and an increase in minimum basic salary.