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One Rank One Pension – For Armed Personnel Implemented

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One Rank One Pension – For Armed Personnel Implemented Today. Good News Govt. of India Approved One Rank One Pension Scheme, One Rank One Pension Announced, Modi govt announces OROP Scheme, Defence Minister Manohar Parrikar Announces One Rank One Pension, Find complete details related to One Rank One Pension Scheme. In this article we try to providing everything you want to know about One Rank One Pension. Now you can scroll down below and check complete details for One Rank One Pension Scheme

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One Rank One Pension – For Armed Personnel Implemented

The OROP (One Rank One Pension) after having so much of disputes form the political point of view as well as social point of view, has been finally declared and implemented by the Defence Minister Mr. Manohar Parrikar and announced by him today around 3.10 pm in a press release which would organised by the Modi Government for the issue solution and BJP President Mr. Amit Shah had also came for the finalisation of the same. Different persons said different about the implementation of the scheme. The Congress party told that “This scheme implementation was a great disappointment to them, because provisions were substantially diluted”, said former Defence Minister AK Antony.

There are around 24 Lakh registered ex-servicemen and around 13 lakh serving armed personnel. Around 80 to 85 % personnel retire before the age of 40. The current budget for the defence sector is around 54,000 crore, which will increase to around 75,000 crore after the OROP scheme is implemented. The estimated cost of the OROP scheme to be implemented at the time of before government was 500 crore, on making statement to such figure, Defence Minister said that the figures were baseless and the estimated cost at the time of Modi government was Rs. 8000 to 10000 crore, which would increase further as the arrears which would be paid to them would be higher than this amount.

Details of the Scheme

Today our Defence Minister Mr. Manohar Parrikar announced the OROP Scheme by starting his media conference by saying that –

“Government of India respects its Defence Forces and ex-servicemen for their valour, patriotism and sacrifices. The government is proud of there bravery…”

The scheme announced will be implemented from 1st July 2014, the date after which the current Modi government came into force after nation wide election which they took their seats on 26th May 2014. The base year for calculating the amount of pension to be given is considered and arrived at the base amount of the year 2013. The base amount of 2013 will calculated as the average amount. The average amount would be the maximum and minimum amount of the amount paid in that year having the same rank and same length of the service period. The personnel having more than the average pensions would be given only upto the amount of average and the other portion would be forfeited and would be kept at the same level whether they are more capable or not.

The arrears to be paid upto the current date is to be paid by the government to the personnels himself (if they are alive) in four half yearly instalments and if they are not alive, then the widows will be paid arrears in one instalment only.

The another provision which was not accepted by the defence veterans was the point where pension would be re-fixed every 5 years, to which the veterans demand was of every year was rejected by the government and fixed at 5 years. The personnel who were voluntarily retiring will be not be given the OROP scheme, which was not accepted by the veterans. The Defence Minister also announced that one member judicial committee would be set up to work out the details of OROP which they will be sending the report of the same in 6 months.

The veterans leader Major General Satbir Singh said “ Though we welcome the implementation of OROP by the government, we are not fully satisfied as they have not accepted the six points demanded by the veterans”. The veterans protested against the decision against the decision for not accepting at there point. Today was there 84 day of strive.

Now all will depend on government whether they would be listening to the veterans or they would continue with there scheme.

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Yash Shah is passionate article writer and has written more than 100 articles in the field of Finance, Insurance, Stock Market, Company Law, Auditing, Taxation and many others. In case of any queries or suggestions, you can reach the author @ [email protected], you can also catch him on facebook @ yashshah299

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