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Will early retirees benefit from OROP?

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Submitted by admin on Thu, 10/09/2015 - 21:08
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The ex-servicemen are satisfied with OROP being implemented from July 1, 2014, and with 2013 as the base year for calculating the new pensions.

 
 
The hunger strike is over but the protest by ex-servicemen continues at Jantar Mantar. The breakthrough between the government and the veterans took effect last Saturday when Defence Minister Manohar Parrikar announced the implementation of the ‘One Rank One Pension’ (OROP) scheme. But the veterans and the government have agreed upon only one point; three points of disagreement still remain between the two sides, and one issue needs further clarity. The ex-servicemen are satisfied with OROP being implemented from July 1, 2014, and with 2013 as the base year for calculating the new pensions. Their major disagreements are over the methodology used for determining the post-OROP pensions. First is the periodicity of equalisation of pension: the government has announced that it will be done every five years, the veterans want it done every two years. Next is the fixation of post-OROP pension: the government has announced an average of the highest and lowest of the pay scale, the veterans want it to be pegged at the highest of the scale. The last point of contention is the committee formed to look into anomalies arising out of this announcement of OROP: the government is setting up a one-member judicial committee with a mandate of six months, the veterans want military representation and the report within one month. WATCH VIDEO: Understanding The Unresolved Issues In OROP (One Rank One Pension) Implementation - See more at: http://indianexpress.com/article/explained/in-fact-will-early-retirees-benefit-from-orop/#sthash.1ov0PwQ2.dpuf