BMC employees Sixth Pay Commission Salary granted: Pension, Pay Arrears & Salary Hike Details: Finance Trading Times

BMC employees Sixth Pay Commission Salary granted: Pension, Pay Arrears & Salary Hike Details

The much awaited decision on salary hike for the BMC or the Brihanmumbai Municipal Corporation's (BMC) has finally come through, although in terms of promises. Recently, the government is reported to have made promise to the BMC staff that the recommendations of the Sixth Pay Commission will be implemented by Brihanmumbai Municipal Corporation's (BMC), and the BMC staff will get the increased pay hikes, as well as the payment arrears and that will also ensure an increased pension for BMC employees. It will directly benefit the BMC workers in terms of salary, pay and pension. Sixth Pay Commission

Mumbai BMC skilled workers to get Sixth Pay Commission Benefits

How much money will it cost the Brihanmumbai Municipal Corporation's (BMC) for implementing the Sixth Pay Commission implementations?
It is estimated that around 1500 Crores of Rs. will be required to implement the 6th Pay Commission for Brihanmumbai Municipal Corporation's (BMC) staff. The good news is that it will benefit the BMC staff employees, but the problem is that it will leave very little amount for the Civic Body to provide facilitites in the metro city.
General Sixth Pay Commission Salary Hike & Arrears Calculator (Indicative)

Salary Calculator for Pension calculations for Sixth Pay Commission Salary Hike (Indicative)

What are the sources of income for Brihanmumbai Municipal Corporation's (BMC)?
Brihanmumbai Municipal Corporation's (BMC) earns its money from multiple sources - from Property taxes, water charges, sewage charges, Octroi collection and so on. The funds collected from these sources and mediums are the sources for money for BMC.

Now that the implementation of Sixth Pay Commission will require extra 1500 Crores to the BMC, it will mean that no new projects can be taken up by the BMC for the next 2-4 year period. It will again depend upon how and when is the BMC able to pay for the arrears of the salary hike to its staff, depending upon the fund availability.

Which projects are going to take a hit if the Sixth Pay Commission salary hike implemetation is made?
There are many projects which will be halted - some of them include construction work for Crawford Market underground parking lots, Mumbai Eye Project, Many projects for road concretisation and reconstruction of hospitals. In fact, many of these have already been put on hold, as per the media reports.

How has this decision of Sixth Pay Commission salary hike implemetation come through for BMC?
This decision has seen the light of the day because of threat of indefinite strike by the BMC employees. Although projects and construction work will be halted or put on hold for fund requriements, it is the time to rejoice for the BMC employees.
As of now, no dates are confirmed about the exact implementation dates, and the dates of payment of arrears for BMC employees, but atleast the decision has come through
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