8th CPC Revised Pension Projections: How Level 3, 5, 7, 9 and 11 employees may benefit if fitment factor is 2.28 and 2.57?
8th Pay Commission Pension Revision: Central government employees who are set to retire next year and the existing pensioners have been eagerly waiting for the 8th Pay Commission formation and recommendation implementation. If the fitment factor in the 8th Pay Commission is 2.28 or 2.57, how may such individuals benefit in the new pay commission? Know in this article.
)
08:16 AM IST
8th Pay Commission Pension Revision: Not just central government employees but pensioners also benefit from the implementation of a new pay commission's recommendations. Employees who are about to retire and are soon to join pension ranks also have a sharp eye on the pay commission payout revision. It may help them see a significant jump in their payout. In the 7th Pay Commission, pensions rose by 2.57 times after a fitment factor of the same magnitude was applied.
The minimum pension rose to Rs 9,000 and the maximum to Rs 1,25,000.
As the 8th Pay Commission is about to be formed, pensioners and soon-to-be-retired employees have been fixing their gaze on its developments.
Any good rise will help their payout adjust to inflation.
Know how Level 3, 5, 7, and 9 employees may benefit if the central government decides on a 2.28 or 2.57 fitment factor in the 8th CPC, know in this article.
What is in store for existing employees in 8th Pay Commission?
Central government employees who retire from January 1, 2026, onwards will get the benefit of the 8th Pay Commission revised payout rates in the form of arrears and future benefits.
Plus, pensioners who have already been getting their pension are likely to see a notable rise in their pension amounts.
The pension in Old Pension Scheme (OPS) is approximately half of the last 10 months average basic salary. So Level 3, 5, 7, 9, and 11 employees who will retire next year will also have their salaries jump in multiples of the fitment factor.
It means once they retire, their pension will also be as per the revised rates.
Here, we discuss what may be the expected pension at 2.28 and 2.57 fitment factors for employees Level 3 (current basic pay Rs 50,000 and Rs 59,600), Level 5 (basic pay Rs 61,000 and Rs 82,000), Level 7 (basic pay Rs 70,000 and Rs 91,400), Level 9 (basic pay Rs 75,600 and Rs 98,700), Level 11 (basic pay Rs 80,900 and Rs 1,26,300). The calculation is also for pensioners who will have their pensions in the same amount as these employees will get after retirement.
Revised pension for employee Level 3 (basic pay 50,000)
Fitment factor | Basic salary | Estimated pension |
As per 7th CPC | ₹ 50,000 | ₹ 25,000 |
At 2.28 (expected payout at retirement) | ₹ 1,14,000 | ₹ 57,000 |
At 2.57 (expected payout at retirement) | ₹ 1,28,500 | ₹ 64,250 |
Revised pension for employee Level 3 (basic pay 59,600)
Fitment factor | Basic salary | Estimated pension |
As per 7th CPC | ₹ 59,600 | ₹ 29,800 |
At 2.28 (expected payout at retirement) | ₹ 1,35,888 | ₹ 67,944 |
At 2.57 (expected payout at retirement) | ₹ 1,53,172 | ₹ 76,586 |
Revised pension for employee Level 5 (basic pay 61,000)
Fitment factor | Basic salary | Estimated pension |
As per 7th CPC | ₹ 61,000 | ₹ 30,500 |
At 2.28 (expected payout at retirement) | ₹ 1,39,080 | ₹ 69,540 |
At 2.57 (expected payout at retirement) | ₹ 1,56,770 | ₹ 78,385 |
Revised pension for employee Level 5 (basic pay 82,000)
Fitment factor | Basic salary | Estimated pension |
As per 7th CPC | ₹ 82,000 | ₹ 41,000 |
At 2.28 (expected payout at retirement) | ₹ 1,86,960 | ₹ 93,480 |
At 2.57 (expected payout at retirement) | ₹ 2,10,740 | ₹ 1,05,370 |
Revised pension for employee Level 7 (basic pay 70,000)
Fitment factor | Basic salary | Estimated pension |
As per 7th CPC | ₹ 70,000 | ₹ 35,000 |
At 2.28 (expected payout at retirement) | ₹ 1,59,600 | ₹ 79,800 |
At 2.57 (expected payout at retirement) | ₹ 1,79,900 | ₹ 89,950 |
Revised pension for employee Level 7 (basic pay 91,400)
Fitment factor | Basic salary | Estimated pension |
As per 7th CPC | ₹ 91,400 | ₹ 45,700 |
At 2.28 (expected payout at retirement) | ₹ 2,08,392 | ₹ 1,04,196 |
At 2.57 (expected payout at retirement) | ₹ 2,34,898 | ₹ 1,17,449 |
Revised pension for employee Level 9 (basic pay 75,600)
Fitment factor | Basic salary | Estimated pension |
As per 7th CPC | ₹ 75,600 | ₹ 37,800 |
At 2.28 (expected payout at retirement) | ₹ 1,72,368 | ₹ 86,184 |
At 2.57 (expected payout at retirement) | ₹ 1,94,292 | ₹ 97,146 |
Revised pension for employee Level 9 (basic pay 98,700)
Fitment factor | Basic salary | Estimated pension |
As per 7th CPC | ₹ 98,700 | ₹ 49,350 |
At 2.28 (expected payout at retirement) | ₹ 2,25,036 | ₹ 1,12,518 |
At 2.57 (expected payout at retirement) | ₹ 2,53,659 | ₹ 1,26,830 |
Revised pension for employee Level 11 (basic pay 80,900)
Fitment factor | Basic salary | Estimated pension |
As per 7th CPC | ₹ 80,900 | ₹ 40,450 |
At 2.28 (expected payout at retirement) | ₹ 1,84,452 | ₹ 92,226 |
At 2.57 (expected payout at retirement) | ₹ 2,07,913 | ₹ 1,03,957 |
Revised pension for employee Level 11 (basic pay 1,26,300)
Fitment factor | Basic salary | Estimated pension |
As per 7th CPC | ₹ 1,26,300 | ₹ 63,150 |
At 2.28 (expected payout at retirement) | ₹ 2,87,964 | ₹ 1,43,982 |
At 2.57 (expected payout at retirement) | ₹ 3,24,591 | ₹ 1,62,296 |
(Disclaimer: These are pension projections. Actual revised pension may be different than our numbers.)
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
)
8th CPC Revised Pension Estimates: What can be revised pension for Level 2, 4, 6, 8 and 10 employees at 2.08 and 2.57 fitment factors in 8th Pay Commission?
)
Power of Rs 13,000 SIP: How long will it take to turn Rs 13,000 monthly investment into Rs 5,00,00,000 corpus?
)
Top 5 Midcap Mutual Funds With Best SIP Returns in 7 Years: Rs 13,000 monthly SIP in No. 1 fund has led into Rs 31.02 lakh wealth
08:16 AM IST