The government has decided to implement the One Rank One Pension (OROP) scheme for the ex-servicemen with effect from July 1, 2014.
The scheme will be implemented with an annual financial implication of Rs. 8,000 crore.
The government has also decided to constitute a one-member judicial committee to look into the anomalies, if any, that may arise out of the implementation of the OROP.
The committee will submit its report within six months.
The government has also decided to constitute a high-level committee to look into the anomalies, if any, that may arise out of the implementation of the OROP.
What is the latest on One Rank One pension?
OROP Scheme Latest News 2023
As per some reports, in the last eight years, approximately INR 7,123 crore per year and INR 57,000 crore in total has been spent on implementing the One Rank One Pension (OROP) Scheme 2023.
What is the latest on OROP revision?
OROP Pension Table 2023 Announced Check Revised pension Table, Arrears and Latest News. The government of India announced the revision of the One Rank One Pension (OROP) scheme on 23 December. As per the latest news, 4.52 lakh new beneficiaries have been added to the list.
Is there any increase in Defence pension?
The Centre has announced a rollout of arrears and increased pensions for defence personnel, with the Cabinet giving its approval for revised scales that will take effect from 2019. The revision will benefit over 25 lakh pensioners and will come at an annual additional expenditure of ₹8,450 crore.
How is OROP pension calculated?
How to calculate new pension under OROP? Pension will be re-fixed for all pensioners on the basis of the average of minimum and maximum pension of personnel.