OROP Latest News – Ex-Servicemen will receive a gift of increase in Pension
An article published in the website of ‘Live Hindustan.Com‘ about the One Rank One Pension. We reproduced the article in English to understand the content for our readers…
Ex-Servicemen will receive a gift of increase in Pension
Ministry of Defence through the One Rank One Pension scheme will soon make a big declaration for the Ex-Servicemen. Thirteen and a half lakh Ex-servicemen will receive a gift of increase in Pension before the first anniversary of the NDA government.
The task of preparing the full and final blue print of this scheme was assigned to the Seventh Pay commission. Ie. After January 2016, Ex-servicemen will be granted better Pension according to the formula recommended by the Seventh Pay commission and the One Rank One Pension scheme will be fully implemented. This will benefit the Ex-servicemen receiving less pension.
Defence Minister Manohar Parrikar in an exclusive interview with ‘Hindustan’ stated that the government is very concerned about the welfare and Pension of the Ex-Servicemen.
I believe that the Pension policy for them should be different and more Profitable than the general public. Surely they must get more pensions. He enlisted that the soldiers recruited in Defence at the Age of 17-18 usually retire after 18 years of service. Then their age is less than 40. Their children are small and their studies are at a critical juncture.
The rest is the responsibility of the family. But after 18 years of military service when they retire, the retirement benefits (fund, gratuity, etc.) are much lower than those of the central personnel who retire in 60 years. Parikkar stated that, a bigger fact is that an Employee can experience the benefits of only one Pay commission in his entire life. Therefore there needs to be a better Soldiers Pension policy.
Argument on One Rank One Pension :
Since a soldier gets retired early, his Pension is less. The difference increases with increasing time, while today the cost of living has increased. Therefore the demand states that every Soldier retired in one rank should have equal Pension.
Problems faced by the Government :
The government has agreed on the One Rank One Pension scheme. The plan has been worked on before and pension has been increased. But still there is a big difference. There is a huge difference between the Soldier who retired in 1975 and he who retires today. According to the Ministry of Finance, there is no such system by which this can be made equal.
How many Soldiers :
There are 13,48,517 ex-servicemen in the country who are receiving pensions. Ex-Servicemen from 1970 are still alive.
Thousand Crore Allocation :
In the last budget of the NDA government, one thousand crores was allocated for the One Rank One Pension Scheme, but as the formula was not ready, the expense was not incurred.
The center prepared for the relief :
Defence Minister has stated that the necessary arrangements have been made to provide relief to the Ex-Servicemen. The announcement will be made before one year completion of the government. Using the existing formula, there will be an increase in pension for the period April 2014 to December 2015.
Then the whole matter is placed before the seventh pay commission so that the commission prepares a single formula for One Rank One Pension. He stated that the central government will collectively pose the One Rank One Pension scheme in an effective way, by which the earlier retired soldiers will receive a satisfactory pension compared to the currently retired soldiers.
Also Check: Central Government Pay Matrix Table 2022 PDF