New Delhi: The Central government on Wednesday cleared the One Rank One Pension Scheme that will benefit over 18 lakh ex-servicemen.
The annual recurring financial implication of One Rank One Pension at the current rate will be approximately Rs 7,500 crore, the government said yesterday as it issued detailed instructions for the scheme.
The government also issued the OROP Tables which said that the arrears from July 1, 2014 to December 31, 2015 would be approximately Rs 10,900 crore.
Over 80 per cent of the total expenditure on account of OROP will benefit the Junior Commissioner Officers and other ranks.
The total increase in the defence budget for pensions is estimated to go up from Rs 54,000 crore (BE 2015-16) to around Rs 65,000 crore (proposed BE 2016-17), thereby increasing the defence pension outlay by about 20 per cent.
The government order said that the payment of arrears and revision of pension under OROP is to be made by the Pension Disbursing Authorities in four instalments, except for family pensioners and pensioners in receipt of gallantry awards who will be paid arrears in one instalment.
The government had taken the decision to implement OROP last year in November after Diwali, "fulfilling" the long standing demand of defence personnel after 42 years.
The move that will benefit over 18 lakh ex-servicemen and war widows had been rejected by a section of the veterans who are still protesting saying there are a number of "lacunae" in the scheme.
The annual recurring financial implication of One Rank One Pension at the current rate will be approximately Rs 7,500 crore, the government said yesterday as it issued detailed instructions for the scheme.
The government also issued the OROP Tables which said that the arrears from July 1, 2014 to December 31, 2015 would be approximately Rs 10,900 crore.
The total increase in the defence budget for pensions is estimated to go up from Rs 54,000 crore (BE 2015-16) to around Rs 65,000 crore (proposed BE 2016-17), thereby increasing the defence pension outlay by about 20 per cent.
Advertisement
The government had taken the decision to implement OROP last year in November after Diwali, "fulfilling" the long standing demand of defence personnel after 42 years.
Advertisement
The move that will benefit over 18 lakh ex-servicemen and war widows had been rejected by a section of the veterans who are still protesting saying there are a number of "lacunae" in the scheme.
COMMENTS
Advertisement
"For How Many Years...": Court Raps Centre Over One Rank One Pension Dues Ex-Servicemen Protest On Rail Tracks For 12 Hours In Punjab, Services Hit PM Modi Targets Congress Over Implementation Of One Rank One Pension "Your Duty...": Chief Justice On Bengal's 'No Night Shift For Women' Note AAP's Atishi To Be Delhi's New Chief Minister, Chosen By Arvind Kejriwal AAP Asks Its Rajya Sabha MP Swati Maliwal To Quit Over Atishi Remarks Registrations Extended For Jawahar Navodaya Vidyalaya Selection Test 2025 India's Options For Russia-Ukraine Peace Are Growing Complicated Man From Bihars Jamui Secures Rs 2 Crore Package At Google London Track Latest News Live on NDTV.com and get news updates from India and around the world.