Government Announces One Rank One Pension for Ex-Servicemen
Government on Saturday announced the implementation of the long-awaited OROP scheme assuring an equal pension to three million military personnel retiring in the same rank with the same length of service, regardless of the date of retirement. Defence minister Manohar Parrikar announced the one rank, one pension scheme during a press conference.
Benefit of OROP will be given with effect from July 1, 2014, a date immediately after the present government assumed office, Mr. Parrikar said. OROP arrears will be paid in four half-yearly instalments; all widows, including war widows, to be paid arrears in one instalment, he further said.
Read more at-http://www.financialexpress.com/