One Rank One Pension | Mega Rally On 12th of September

The Narendra Modi Government is set to announce the one-rank, one pension package that will kick in from July 2014 ?and use 2013 as the base year for calculations. But it will stick to its position on a five year reset clause for veterans as against 10 years for civilians factoring in the complications resulting from a quicker adjustment. The ex-servicemen had demanded an annual adjustment.The pension for veterans of the same rank and those who retire with full pensionable service, will be the average of the maximum and minimum paid. But to protect any retired servicemen from losing out, there will be an additional safeguard to ensure that those who are already drawing above the average would not impacted. Sources said the government is of the view that OROP should mean that an ex-servicemen of the same rank and with the same amount of service should receive the same pension, irrespective of the year of retirement. “The principle is that any increase in pension should result in a similar enhancement for someone who retired earlier to ensure that the new and old pensioner are at the same level. This will be done through adjustments once every five years,” explained an official. The government is expected announce the package in the next two-three days.

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