8th Pay Commission salary hike: How a 7% annual increment could mean Rs.29 lakh extra pay in 10 years
New Delhi, Sept. 3 -- Several central government employee organisations are seeking a higher annual increment under the 8th Pay Commission, arguing that the existing 3% rate should be increased to provide stronger growth in basic pay.
The National Council of Joint Consultative Machinery (NC-JCM) has demanded a 6% annual increment in its memorandum submitted to the 8th Pay Commission. The All India Defence Employees' Federation (AIDEF) and Federation of National Postal Organisations (FNPO) have also sought 6%. The All India New Pension Scheme Employees Federation (AINPSEF) has demanded 7%, while the Indian Railways Technical Supervisors' Association (IRTSA) has proposed 5%.
These are demands made by employee organisations and are not rec...
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