New Delhi: Ahead of the assembly elections of West Bengal, Assam, Kerala and Tamil Nadu in May’ 2016, the Central government will implement the recommendations of the Seventh Pay Commission after receiving the report of the pay panel within this year, which will benefit 50 lakh central government employees and 56 lakh pensioners including dependents.
The following are the four main pillars you need to know about a central pay commission reports.
1.What is a Central Pay Commission?
A Central Pay Commission is a panel set up by the Union government to examine various aspects of the compensation package for central government employees. So far, Seven Central Pay Commissions have been set up at intervals of 8 to 13 years. The first pay commission was constituted in 1946, second in 1957, third in 1970, fourth in 1983, fifth in 1994, sixth in 2006 and seventh in 2014.