Central government employees and pensioners will be closely watching the upcoming Union Budget 2024 to be presented on July 23 (Tuesday), for any news regarding the 8th Pay Commission. These commissions are established every decade to recommend changes in the basic salary, pension, and other allowances for government employees and pensioners.
The previous pay commission was formed in February 2014, with its recommendations taking effect from January 1, 2016. As such, the 8th Pay Commission is scheduled for implementation on January 1, 2026.
Employee unions are urging the government to expedite the announcement of the 8th Pay Commission. This would initiate the process of forming the wage board, which would consult various stakeholders and submit its recommendations. Completing this entire procedure could take several months.
