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Wednesday, September 25, 2013

Govt announces setting up of 7th Pay Commission Wed Sep 25,2013


The Union Govt. on Wednesday Sep 25,2013 announced constitution of the 7th Pay Commission, which will go into the salaries, allowances and pensions of about 80 lakh of its employees and pensioners.“Prime Minister Manmohan Singh approved the constitution of the 7th Pay Commission and its recommendations are likely to be implemented with effect from January 1, 2016

The setting up of the Commission, whose recommendations will benefit about 50 lakh central government employees, including those in defence and railways, and about 30 lakh pensioners, comes ahead of the Assembly elections in 5 states in Nov 2013 and the general elections in 2014

The names of the chairperson and members of the 7th Pay Commission and its terms of reference will be finalised shortly after consultation with major stakeholders

Note
The Union Govt constitutes Pay Commission almost every 10 years to revise the pay scales of its employees

As the Commission takes about two years to prepare its recommendations, the award of the seventh pay panel is likely to be implemented from January 1, 2016

The 6th Pay Commission was implemented from January 1, 2006
The 5th Pay Commission was implemented from January 1, 1996 and
The 5th Pay Commission was implemented from January 1, 1986.

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