8th Pay Commission: Demand for 67% pension and 50% family pension for 68 lakh pensioners, know how much will be the benefit? | 8th Pay Commission News 8th CPC Pension Hike Calculator 68 Lakh Pensioners Eye Big Hike How Much Pension Will Increase Expected Fitment Factors Pension Hike Pension Demand

8th Pay Commission Pension Hike: The expectations of pensioners along with government employees have increased regarding the 8th Pay Commission. Employees and pensioners organizations have demanded minimum basic pension of ₹ 45,000, pension of 67% of the last salary and 50% of the family pension. At the same time, if the government implements a fitment factor of 2.0, 2.25 or 2.57 as per the demand, then how much can the current basic pension of ₹ 25,000 to ₹ 75,000 increase? Let us understand..what benefits can lakhs of pensioners get in the 8th Pay Commission.

68 lakh pensioners will get benefit

48 lakh central employees and 68 lakh pensioners are expected to benefit from the 8th Pay Commission. That means the number of Central Government pensioners is about 40% more than the employees. Most of these pensioners take pension under the Old Pension Scheme (OPS). In such a situation, after the fitment factor is decided in the 8th Pay Commission, their basic pension will also increase.

What are the demands of employee organizations for pensioners?

1. National Council of Joint Consultative Machinery (NC-JCM) and All India Defense Employees Federation (AIDEF) have demanded 67% pension of the last basic salary and 50% family pension.
2. At the same time, the Federation of National Postal Organizations (FNPO) wants that the pension should be completely separated from the departmental budget and brought under the Consolidated Fund of India. At the same time, All India New Pension Scheme Employees Federation (AINPSEF) has also demanded One Rank One Pension (OROP) for civil employees.
3. Indian Railway Supervisors Association (IRTSA) has demanded OROP along with retirement and death gratuity in all pension schemes. Bharat Pensioners Society (BPS) has demanded a minimum pension of ₹ 45,000, 67% pension of last salary and 50% family pension.

How much pension do you get now?

At present, pension in OPS is 50% of the last basic salary or the average salary of the 10 months preceding retirement, whichever is higher. At the same time, family pension is 30% of the last basic salary. For example, if the last basic salary of an employee is Rs 1 lakh, then he will get a basic pension of Rs 50,000. The organizations demand that it should be increased to Rs 67,000. Similarly, there is a demand to increase the family pension of employees with last basic salary of Rs 1 lakh from Rs 30,000 to Rs 50,000.

How much will pension increase from 2.0 to 2.57 fitment factor?

If 2.0 fitment factor is implemented in the 8th Pay Commission, then the basic pension of ₹25,000 may increase to ₹50,000, pension of ₹50,000 to ₹1 lakh and pension of ₹75,000 to ₹1.50 lakh.

At the same time, at 2.25 fitment factor, this amount can be ₹ 56,250, ₹ 1,12,500 and ₹ 1,68,750 respectively. Whereas, at 2.57 fitment factor, pension of ₹25,000 can reach ₹64,250, pension of ₹50,000 can reach ₹1,28,500 and pension of ₹75,000 can reach ₹1,92,750.

Let us tell you that these are only estimates based on the demand of organizations. The actual increase will be decided only after the recommendations of the 8th Pay Commission and the approval of the government. The Pay Commission can also make changes in these demands.

Read also | Gold-Silver Crash: Before Diwali, silver became cheaper by ₹ 2.41 lakh, gold fell by ₹ 42,000 from record high, know the latest price.