One Rank One Pension Scheme announced by the Government

On 05.09.2015,
the Government announced the One Rank One Pension (OROP) Scheme for the
Ex-Servicemen which was pending for nearly four decades. The Scheme aims to
provide uniform pension to the Armed Forces personnel retiring in the same rank
with the same length of service, regardless of their date of retirement. The
Scheme also provides that the gap between rate of pension of current pensioners
and past pensioners will be bridged every 5 years. The benefit of the scheme will
be given with effect from 01.07.2014. Personnel who voluntarily retire will not
be covered under the OROP scheme. The Koshiyari Committee had accepted the
estimate of Rs. 235 crore as additional financial burden to implement OROP. 

-Ministry of Defence
Source: Legal news India

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