The 8th Pay Commission, after its two-day stakeholders’ consultation meet in Jaipur, is now scheduled to visit Chennai on September 7 and 8. Employee and pensioner bodies and other stakeholders will meet the 8th CPC officials to discuss several issues. However, increasing the annual increment rate from 3% is an issue that almost all leading organisations have prominently raised in the previous meeting and is likely to be discussed again.
The current annual increment rate of 3% for central government employees, they believe, is insufficient to help them meet rising expenses. Organisations have recommended increasing the increment rate to up to 7%. If approved, how will a higher increment rate of 5% or 7% impact the salaries of central government employees?
