one-rank-one-pension-scheme

  • The scheme promises equal pension to military personnel retiring in the same rank with the same length of service, regardless of the date of retirement.  
  • OROP would be fixed based on the calendar year 2013 as the average of minimum and maximum pension in 2013 and those drawing pensions above the average will be protected.  
  • Only those who retired before the plan kicked in would be entitled to OROP.  
  • Personnel who voluntarily retire will not be covered under the OROP scheme.  
  • In future, the pension would be re-fixed every 5 years.  
  • The estimated cost to exchequer is expected to be Rs 8,000 to 10,000 Crore and will increase in future.  The government has proposed a review every five years.