New Delhi, Aug. 8 -- Central government employees and pensioners are eagerly awaiting for updates regarding new developments linked to the 8th Pay Commission, which is likely to significantly raise their salary and pension.

Here is everything you need to know about the 8th Pay Commission and its benefits.

The 8th Pay Commission is a panel set up by the central government to review and revise the salary structure of employees. A pay commission, appointed by the Centre every decade, takes into account factors like inflation, economic growth and living standards before making recommendations to the government about restructuring of salaries.

The 8th Pay Commission will be replacing the 7th Pay Commission, which has been in effect since 20...