WELCOME TO THE OFFICIAL WEBSITE OF AIPAEA HEADQUARTERS

THIS IS THE OFFICIAL WEBSITE OF AIPAEA (ALL INDIA POSTAL ACCOUNTS EMPLOYEES ASSOCIATION), NEW DELHI

Saturday, June 20, 2015

Minimum Wage and Fitment Formula by different Pay Commissions

First Pay Commission: 1946
The Commission has fixed Rs. 55/- as minimum wage.
 Second Pay Commission: 1957 
The Commission revised the pay scales by merging 50% of the Dearness Allowance with basic Pay and it recommended Rs. 80 as the minimum remuneration.
 Third Pay Commission: 1973
Commission had recommended minimum wage of Rs. 185 per month however Government raised to Rs. 196/- per month. The increase in minimum wage was 2.45 times
Fourth Pay Commission: 1-1-1986
Rs. 750/- was the minimum pay recommended by the Commission. The increase in minimum wage was 3.82 times
Fifth Pay Commission: 1/1/1996
The minimum Starting Pay has been revised from Rs. 750/ to Rs. 2550/- Initially fitment was 20% but was revised to 40% due to staff side demand.
 The increase in minimum wage was 3.40 times
Sixth Pay Commission::1/1/2006
Revised the basic pay by merging 50% of the Dearness Allowance in the year 2004. Commission proposed minimum salary at the entry level of PB-1 pay band to be Rs.7000 /- (Rs.5200 as pay in the pay band plus Rs.1800 as grade pay).
 Fitment formula of 1.86 (due to 50% DA merger as on 2004)
 The increase in minimum wage was 2.80 times 

 

No comments:

Post a Comment