Employees-pensioners will again get 3 big gifts! There will be a bumper jump in salary, increase in DA-pension is also possible
There is a possibility that DA may increase from 38 percent to 42 percent in January, while the dearness relief of pensioners will also increase to 42 percent. Its benefits will be given to 50 lakh employees and 65 lakh pensioners.
Central Employee salary Hike 2022: Like the year 2022, 2023 can also be full of gifts for central employees-pensioners. In the new year, once again the employees can get 3 big gifts like- 4 percent dearness allowance increase, fitment factor 3.68 percent and restoration of old pension scheme. Due to this, a bumper jump in salary will be seen. However, there is no official confirmation from the government and no statement has come out.
According to the released data of September AICPI index, there are indications of 3 to 4 per cent dearness allowance increase once again in 2023. There is a possibility that DA may increase from 38 percent to 42 percent in January, while the dearness relief of pensioners will also increase to 42 percent. Its benefits will be given to 50 lakh employees and 65 lakh pensioners. At present the dearness allowance of central employees is 38%. At 42%, the minimum basic salary is expected to increase by a total of Rs 720 per month and the maximum salary by Rs 2276 per month. With this increase, the salary of employees getting 18000 salary will increase by about 8600 and those of 56000 will increase by 27000.
Fitment factor may increase
According to media reports, the fitment factor can be increased from 3 percent to 3.68 percent in the new year. At present, the fitment factor of the employees under the 7th Pay Commission is 2.57 times and the basic salary is 18000. The fitment factor can be increased to 3.68%, after which the minimum basic salary will be 26000. If a 3-fold increase is agreed upon, then the minimum salary will be 21,000. There is a possibility that the central government may take a decision on this demand of central employees after the budget to be presented on February 1, 2023 next year.
How much salary will increase
- The fitment factor is a major parameter for fixing the minimum salary of central employees. Due to this factor, the salary of central employees increases by more than two and a half times.
- The Pay matrix prepared in the 7th Pay Commission is based on the Fitment factor, therefore the Fitment factor is considered to play an important role in the salary received by the employees.
- For example, if the basic salary of a central employee is Rs 18,000, then excluding allowances, his salary will be 18,000 X 2.57 = Rs 46,260. At 3.68, the salary will be Rs 95,680 (26000 X 3.68 = 95,680) i.e. in salary 49,420 will be given as a profit. With 3 times the fitment factor, the salary will be 21000 X 3 = Rs.63,000.
Decision can also be taken on old pension
Along with dearness allowance and fitment factor, the benefit of the old pension scheme can also be given to the central employees in the new year. It is likely that after Chhattisgarh, Jharkhand, Punjab and Rajasthan, the old pension scheme will be implemented in the year 2023. can be done. For this, in the last months, the Central Government had also sought opinion from the Law Ministry. If everything goes well, the Modi government can re-implement the old pension scheme before the year 2024 under the 7th Pay Commission. Although there is no official confirmation yet.