Ministry of Finance
17-February, 2014
One Rank One Pension to be implemented from 2014-15
The Government has allocated Rs. 500 crores to the Defence Pension Account in the current financial year itself for implementation of One Rank One Pension scheme for the Defence Forces of the country. Making the announcement in Parliament today during his Interim Budget Speech, the Finance Minister Shri P. Chidamram said that this decision will be implemented prospectively from the financial year 2014-15. The Finance Minister said the Government had decided to walk the last mile and close the gap for all retirees in all ranks. He said the demand of the Defence Services for One Rank One Pension (OROP) had been there for a long time and had been an emotive issue.
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DSM/KSP/BV
(Release ID :103752)
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COMMENTS
Mathura rally se pehle rahul ne arnga phasa dia hai
INORDINATE DELAY FOR IMPLEMENTATION OF ONE RANK ONE PENSION FOR DEFENSE PERSONAL IS NOT UNDERSTOOD.
Sir,
I am an EX-SGT retired from IAF ON 30th April 2001 on completion of 20 years of service and held in the rank 09 years 11 months.(should have been 10 years as the promotion released alternative months) Now I would like to know whether ACP/MACP is applicable/consider while calculating my pension since the same is effected on post 2006 retirees.