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    FITMENT FACTOR FOR 8TH PAY COMMISSION

    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.

    Govt raises price cap for electronic devices to Rs 1.8 lakh for officers; personal retention rights after 4 yrs

    The Centre has raised the purchase ceiling for laptops, tablets and similar devices for eligible government officers to ₹1.5 lakh plus taxes, or ₹1.8 lakh for devices with more than 40% Make-in-India content. Officers in Pay Level 12 and above will be eligible, while departments can extend coverage to some lower pay levels, and employees may retain the devices after four years of use.

    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.

    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.

    8th Pay Commission news: 6 key demands by Railway employees' body on pay, allowances
    The Economic Times
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