Seventh Pay Commission key points: All you need to know

Here are Eight key points you must know about the 7th CPC Seventh Pay Commission:

1. Around 48 lakh central government employees and 55 lakh pensioners will benefit from the Seventh Pay Commission.

2. The Pay Commission was set up by the UPA government during its regime. The recent changes have come under the influence of the NDA government.

3. Former IAS officer Vivek Rae, economist Rathin Roy and Commission secretary Meena Agarwal are members of the commission among others.

4. The salaries of IPS and IRS officers will get at par with that of IAS officers under the new commission.

5. In order to cut down parity, the number of pay bands will be reduced. At present, there are 32 pay bands, which may be reduced to 13.

6. The central government's salary bill will rise by 9.5 percent to Rs 1,00,619 crore after the commission takes effect.

7. Under the pay commission, the government can cut down salaries of the 'underperforming' central government by 5 to 6 percent.

8. The Seventh Pay Commission is said to increase basic salaries by 30 to 40 percent. The basic salary set in the First Pay Commission was Rs 35 per month.

9. Seventh Pay Commission may also recommend for lowering retirement age.

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