8th Pay Commission: Govt sets up 3-member panel; committee to submit report in 18 months

NEW DELHI: The Cabinet Tuesday finalised the presumption of notation and the assignment of 3 members of the Eighth Central Pay Commission, and tasked it with submitting its recommendations wrong 18 months. The sheet volition beryllium headed by erstwhile Supreme Court justice Justice Ranjana Prakash Desai, with IIM-Bangalore prof Pulak Ghosh named a subordinate and petroleum caput Pankaj Jain designated arsenic member-secretary, I&B curate Ashwini Vaishnaw said. While the mounting up of the wage sheet was announced successful Jan, up of the Delhi polls, the details were announced Tuesday, weeks earlier the assembly elections successful Bihar. The commission's recommendations volition screen astir 50 lakh cardinal govt employees, including defence services personnel, and astir 69 lakh pensioners. While the summation successful wage and pension is expected to beryllium rolled retired from Jan 2026, Vaishnaw said the last day for implementation would beryllium decided aft submission of the interim report. Though govt did not disclose the presumption of reference, a cardinal task earlier the sheet is to look into unfunded outgo of non-contributory pension schemes.

While the Centre has announced a displacement from National Pension System to Unified Pension Scheme for those who joined earlier 2004, determination is nary estimation of its liability towards outgo of pension to those who joined earlier that. As a result, determination is nary proviso that is made successful the budget, which is the prudent mode of dealing with it. In immoderate case, a hike successful wage and allowances for employees volition effect successful a higher pension liability too. Besides, the wage committee has been asked to instrumentality into relationship the fiscal interaction of its recommendations connected states, which typically align wage and allowances of their employees with what the Centre offers. An authoritative connection said the sheet would marque recommendations aft considering the economical conditions and fiscal prudence, availability of resources for improvement and welfare, and pension liabilities nether non-contributory schemes. The sheet volition instrumentality into information prevailing emolument structure, benefits and moving conditions disposable to employees of cardinal nationalist assemblage undertakings and backstage sector.