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Sunday, 16 February 2014

ONE RANK ONE PENSION APPROVED FOR EX-SERVICEMEN

The Centre today announced that it has accepted the "one rank, one pension" principle for the forces as part of a 10 per cent hike in the defence budget, a decision that the ruling Congress hopes will win it the support of lakhs of soldiers ahead of the national election, due by May.
In his interim budget speech, Finance Minister P Chidambaram announced that the defence budget was being raised to Rs. 2,24,000 crore.
"Rs. 500 crore will be transferred in 2014-15 for implementing the one rank one pension decision," he added.
Under the "one rank, one pension" rule, retired soldiers of the same rank and length of service will receive the same pension, regardless of when they retire. Currently, pensioners who retired before 2006 receive less pension than their counterparts, even their juniors.
The mega announcement comes three days after Rahul Gandhi endorsed it after meeting a delegation of ex-servicemen last Friday.

This will be implemented prospectively in the financial year 2014-2015. 
http://www.ndtv.com/rank-one-pension 

1 comment :

  1. Dear All,

    I do not why the BJP/NDA Government is taking too much delay on One Rank One Pension as I felt that OROP will be voiced as on 26 Jan 2015 on Republic Day speech by Prime Minister and it will continue till 2019 Election

    ReplyDelete