7th pay commission report 10 main points

Key highlights of 7th Pay Commission report

7th pay commission report 10 main points:

1. Minimum pay is 18,000/-
2. Grade Pay System abolished
3. Fitment formula will be 2.57. So using present basic pay, 7th CPC pay can be calculated by multiplying the same with 2.57 factor.
4. Increase in Military service Pay increased to 16,500
5. 3% annual increment
6. 52 allowances abolished
7. 16% increase in pay
8. 23.55% increase overall salary when taking in to increase in allowances also
9. 24% increase in Pension
10. In a bonanza for central government employees, the Seventh Pay Commission on Thursday submitted its final report to Finance Minister Arun Jaitley recommending a 22-23 percent jump in their salary and allowances.

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