Increase on the card for grade pay rupees 2000, 2800, and 4200 pensioners
There is good news for pensioners regarding the preparation process of the 8th Pay Commission. If the government implements a new fitment factor, there could be a significant increase in pension amounts. Currently, the pensions received by pensioners are determined based on a fitment factor of 2.57. However, if the new fitment factor is either 1.92 or 2.28, the pension amounts could nearly double.
Government employees who retired with a grade pay of 2000 rupees currently receive a pension of approximately 13,000 rupees. If a fitment factor of 1.92 is applied, their pension could increase to 24,960 rupees. Conversely, level 3 pensioners have the potential to receive a pension of 27,040 rupees based on a fitment factor of 2.28. Those whose current pension is 16,000 rupees may also have the possibility of receiving 30,720 rupees.
The current pension for retired employees under the grade pay of 2,800 rupees is 15,700 rupees. With the implementation of the new pay commission and a fitment factor of 1.92, this amount could increase to 30,140 rupees. If the fitment factor of 2.28 is applied, the pension could rise to as much as 32,656 rupees. For level 5 pensioners, the minimum pension may be set at 39,936 rupees (using the 1.92 factor) and 43,264 rupees (using the 2.28 factor).
The current pension for retired Level 6 employees with a grade pay of 4,200 rupees is approximately 28,450 rupees. If a fitment factor of 1.92 is applied, this pension could increase to 54,624 rupees. Conversely, with a fitment factor of 2.28, the pension could reach 59,176 rupees.
If the central government implements the 8th Pay Commission and revises the fitment factor, it could provide significant benefits for pensioners. This would result in millions of retired employees and their families reaping the rewards. Currently, everyone’s attention is focused on the government’s decision.
