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Govt announces OROP - FINALLY

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  • Govt announces OROP - FINALLY

    Finally the Defence minister Manohar Parrikar said on Saturday that the government has decided to implement the "one rank, one pension" scheme.

    Here is the highlights of Parrikar's announcement on the OROP:

    1. OROP will be implemented from July 1, 2014 and the base year would be 2013.

    2. The estimated cost to implement OROP would be between Rs 8,000 crore to Rs 10,000.

    3. Pension of ex-servicemen will be revised every five years.

    4. Re-fixed pension will be the average of minimum and maximum pension in 2013.

    5. OROP arrears to be paid in 4 half-yearly installments.

    6. Those drawing pensions above the average will be protected.

    7. A one-member judicial committee will be constituted. It will give reports on equalisation period in 6 months.

    8. Personnel who retire voluntarily will not be covered under OROP scheme.
    IndiaBook Sr Editor and Reviewer
    IndiaBook is like my child whom I want to nuture till perfection.It is a dream of success which will be made reality soon.

  • #2
    Good decision... CONGRATULATIONS to all ex-servicemen ! Its time to celebrate. Hope everyone is happy now...Thanks to govt as well !

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    • #3
      Good move ! Nice to see PM modi finally deciding on OROP and Seems very reasonable plan and also very good step from govt.

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      • #4
        PM modi by taking this decision has proved to be the best politician. Congratulations to all ex-servicemen.

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        • #5
          Great decision.Heartiest congratulations to the ex-servicemen.

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          • #6
            Best decision of the day I think, looking forward to see the new moves of Modi government.
            It’s better to give than to receive. Especially advice

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            • #7
              The best news of the year for me, As my father is also a ex-serviceman. Awesome moment and proud to be daughter of a great person.. Special thanks to PM Modi!!!

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              • #8
                This is a great news... The Modi government is finally ready with the draft proposal on One Rank One Pension (OROP) and will announce within two days.

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