One Rank One Pension to
be implemented from 2014-15
The Government has allocated Rs. 500
crores to the Defence Pension Account in the current financial year itself for
implementation of One Rank One Pension scheme for the Defence Forces of the
country. Making the announcement in Parliament today during his Interim Budget
Speech, the Finance Minister Shri P. Chidambaram said that this decision will be
implemented prospectively from the financial year 2014-15. The Finance Minister
said the Government had decided to walk the last mile and close the gap for all
retirees in all ranks. He said the demand of the Defence Services for One Rank
One Pension (OROP) had been there for a long time and had been an emotive issue.
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