One Rank One Pension – Govt is Committed but implementation takes time – FM

One Rank One Pension Calculation is pending between the Services and Defence Ministry says Minister

Finance Minister Mr. Arun Jaitley after presenting Budget 2015-16 on 28th February 2015 met the press and assured that the Govt is completely committed to implemenation of One Rank One Pension but it takes time as the method of calculating pension is stuck between the Armed Services and the Defence Ministry.

“I have already in the last Budget said that we are going to implement ‘One Rank, One Pension’. This need not be stated on every occasion. We are completely committed to it,” Jaitley told reporters here when asked about the delay in launching the scheme.

The Minister also said: “The methodology of calculating the One Rank, One Pension is an issue pending between the Services and the Defence Ministry.”

“You may only notice that I have today, despite the squeeze, increased the allocation for Defence by almost Rs 25,000 crore,” Jaitley said.

Readers may recall Defence Minister Manohar Mr. Parrikar had earlier assured Defence Personnel to the effect that One rank, One pension scheme will be will be implemented soon.

One Rank One Pension scheme, would ensure a uniform pension to defence personnel when they retire in the same rank containing same length of service. In other words, date of retirement would not determine the quantum of pension which is the practice now

Once OROP is implemented it would fulfill one of the very long pending claims of Defence Personnel and Ex-Servicemen.

Source: Indian Express

Get real time updates directly on you device, subscribe now.


Would you like to see your article on GConnect?

If you have an article/story to share with GConnect readers, we would be glad to publish it.

Submit Article

You might also like