One Rank One Pension
What is the one rank one pension rule,
Who is eligible for OROP 3,
How is OROP pension calculated,
One rank one pension full details
Why ORPR in news
One Rank One Pension
Why in news?
Prime Minister Narendra Modi said on Thursday that the implementation of 'one rank one pension' for veterans was a significant step towards reaffirming the nation's gratitude to its heroes.
What is One Rank One Penson:
The One Rank One Pension (OROP) scheme provides uniform pensions to armed forces retiring with the same years of service and rank, irrespective of their retirement date.
• Under this scheme, those who retire earlier will receive the same pension as those retiring later in the same rank, bringing about fairness in the pension distribution system.
• The OROP addressed the long-standing grievances of unequal pension benefits among military personnel, thus promoting fairness in pension payment within the armed forces.
• The government implemented the OROP scheme in 2014.
The key benefits of OROP:
- Under the OROP, arrears will be paid to armed forces personnel in four equal half-yearly installments. But arrears will be paid in one installment for all family pensioners, including those receiving special, liberalised family pensions and Gallantry award winners.
- The pensions are re-fixed every five years as per ranks for all defence or family pensioners.
- It establishes fairness and equality in the pension payment system for retired armed forces personnel.
- It ensures that retired armed forces personnel get equal pensions for the same rank and service period.
- It removes disparities in pension payments due to different retirement dates of armed forces personnel.
- To honour armed forces personnel contributions and sacrifices, the OROP provides them with adequate financial support in their retired life..
- It provides financial security to retired military personnel, enabling them to meet their post-retirement expenses and needs.
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