5 key points of one rank one pension.
1.
The One Rank One
Pesnion Scheme will be effective from July 1, 2014.
2.
Defence personnel who
voluntarily retire will not be covered under the One Rank One Pension (OROP)
scheme. However, the new pension structure will apply to personnel who have
already retired prematurely.
3.
Arrears will be paid
in four half-yearly installments. All widows, including war widows, will be
paid arrears in one installment.
4.
5.
The estimated cost of
OROP implementation to the exchequer would be Rs. 8,000 to Rs. 10,000
crore. Expenditure on arrears would be between Rs. 10,000 to Rs. 12,000
crore.
Share with the world !!
0 Responses to One rank One Pension Key points