In an important new development, central government employees may now be able to expect salary revisions and bonuses as far ahead as 2025. To these, ongoing talks of the implementation of the 8th Pay Commission and the wait for the Dearness Allowance (DA) hike should add to the financial relief of employees.
Salary Hike Under The 8th Pay Commission
The 8th Pay Commission is expected to strongly recommend the pay revision for central government employees. Thus, it would be expected that the implementation may raise the minimum basic salary by a considerable amount. Experts also believe that the basic salary fitment factor can be reviewed up from the present multiplier of 2.57 regarding the last pay commission to 3.68 times now. Such an upgrade can bring the minimum salary up to ₹26,000 from ₹18,000 per month.
The pay matrix revision will assure a good just salary increment policy across the board.
DA Hike In 2025
Another silver lining coming for employees is the DA hike. Reportedly the Dearness Allowance will be hiked by 3-4% on the upcoming revision, depending on inflation and the All India Consumer Price Index(AICPI) which is bound to have its favorable impact on the take-home salary of the government employees.
Currently, employees are getting 50% DA which is proposed to go up to 53-54% in 2025 which is bound to get a corresponding increase in Dearness Relief for the pensioners too.
Festive Bonus For Central Employees
Besides the salary hike, discussions are also abuzz about the annual festival bonus. Employees of Group B and Group C normally receive bonuses around important festive occasions like Diwali. The amount of such bonuses ranges from ₹7,000 to ₹18,000, depending on the employee’s service type and pay level.
Such a one-time payment acts to boost employee festivities. The announcement is made in October, podcasting the amount before the celebrations.
Other Expected Benefits
- increased Gratuity Limits: If the pay scales are revised, the gratuity limit for retiree employees may also witness an upward revision.
- Enhanced Pension: As a result of the DA hike, retired employees are likely to have increased pensions.
- Promotions and Allowance Adjustments: This revision in salaries can also open up avenues for promotion and revisiting other allowances.
Conclusion
The expected salary hikes and bonus offerings in the year of 2025 will provide a substantial financial reprieve to the central government workers as well as pensioners. In the meantime, looking toward an official word, recent happenings seem to be very good news for the active workforce. Keep your eyes peeled for updates on the percentage of hikes and bonus confirmations.
Also Read: 7th Pay Commission: Good News For Employees, Now More Pension Will Be Available