Below, we presnt the text as it appears on the Office Memorandum Ministry of Personnel, Public Grievances and Pensions Department of Personnel & Training. Wikipedia on Sixth Pay Commission Ministry Site
Subject: Revision of pay of the Chairpersons and Members of the Regulatory Authorities/Bodies consequent to the implementation of the Sixth Central pay Commission Recommendations.
Consequent upon the implementation of the Report of the Sixth Central Pay Commission by the Government, the provisions relating to pay of Chairpersons and Members of Regulatory Authorities/Bodies, laid down in this Department's a.M. No. 3/6/97-Estt. (Pay II) dated 29th January, 1998 read with Corrigendum dated 13th February, 1998, shall be substituted with the following:
1. Pay - The Chairperson would be eligible for pay not exceeding Rs. 80,000/- p.m. (fixed) and Members would be eligible for pay in the Pay Band of Rs. 37400-67000 (PB 4) with a Grade Pay of Rs. 12000/-. The pay will be fixed in accordance with the prevailing orders viz. pay minus pension.
2. The pay and allowances of Chairperson and full-time Members of five specified Regulatory Bodies, viz., Telecom Regulatory Authority of India TRAI, Insurance Regulatory and Development Authority IRDA, Central Electricity Regulatory Commission CERC, Securities and Exchange Board of India SEBI and the Competition Commission of India CCI which have been delinked from Government salaries will be governed by the orders issued by the Department of Expenditure.
3. These orders will come into effect from 1.1.2006
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