8th Pay Commission: How fitment factor is determined and how it affects salaries—what we know

The 8th Pay Commission, recently approved by the Union Cabinet, seeks to adjust salaries and pensions using a fitment factor influenced by inflation. Projections suggest a factor of 1.83 to 2.57, affecting around one crore government employees and retirees.

from mint - money https://ift.tt/COD1jzX