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    8TH PAY COMMISSION SALARY HIKE

    8th Pay Commission: High fitment factor vs high increment rate; how salaries of Level 5-7 employees may change over 10 years

    8th Pay Commission calculator: The growth of central government employees' salaries heavily relies on fitment factors and annual increment rates. Various organizations have proposed differing fitment factors and increment rates for the 8th Pay Commission. Salary estimates reveal the potential financial impacts for Level 5-7 employees based on varying conditions. A high increment rate could potentially close the salary gap over time compared to a high fitment factor.

    Higher EPS pension: Pensioners request Labour Ministry to withdraw EPFO circular rejecting exempted employees' higher pension claims

    The National Confederation of Pensioners' Associations has requested the Labour Ministry's urgent intervention in pending pension cases. They seek to withdraw a circular from January 2025 that affects higher EPS pension eligibility. The NCPA emphasizes eliminating discrimination between exempted and unexempted establishments regarding pension rights. They have proposed several recommendations to streamline the processing of pension applications and address delays.

    Suvendu Sarkar rolls out Diwali bonanza for Bengal babus, hikes IAS allowances by 50%

    The Suvendu Adhikari-led West Bengal government has announced a range of benefits for its IAS officers, including a 50% hike in monthly sumptuary allowances for senior officials, education loans of up to Rs 50 lakh for children's studies in India and abroad, and expanded foreign travel benefits under LTC. The package also includes housing, electricity and post-retirement benefits, along with allowances for official work-related expenses.

    8th Pay Commission: ₹69,000 minimum pay, ₹15,768 more HRA? Check 5 key NC-JCM demands
    8th Pay Commission: Rs 69,000 minimum pay, 40% HRA, 67% pension; 5 key NC-JCM demands and their impact on payouts

    The National Council of the Joint Consultative Machinery has submitted essential recommendations to the 8th Pay Commission that could impact central government employees. Key proposals include a significant increase in minimum pay, pension, and annual increments. The council also suggests revising house rent allowance rates and allowing leave encashment for up to 600 days. If implemented, these changes could benefit over one crore employees and pensioners financially.

    Uttarakhand announces 3% DA hike for employees ahead of Diwali

    Uttarakhand Chief Minister Pushakar Singh Dhami has approved a 3% increase in Dearness Allowance for state employees. This decision raises the DA rate from 60% to 63%. The increase follows a similar decision by the union government, effective since July 1. The benefits of this increase will extend to various personnel in local bodies and educational institutions.

    The Economic Times
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