OROP implementation: Top 1 noteworthy points about new committee

Posted on by vikas tomar

OROP implementation committee: A uniform pension has to be paid under the One Rank One Pension (OROP) scheme to the armed forces personnel retiring at the same rank after the same length of service, regardless of their date of retirement. The government has announced that these benefits would be applicable from July 1, 2014, with arrears to be paid in four half-yearly installments, and pensions will be revised every five years. Besides the estimated one-time outgo on OROP of Rs 10,000-12,000 crore on pension arrears, the recurring annual additional cost is expected to be Rs 8,000-10,000 crore. Here are the top 10 most recent things to know about OROP implementation and the current situation: (Representational image; Express photo by Jasbir Malhi)

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