Govt issues details of OROP scheme; to cost 7500 crores annually at current rate

[V.Balasubramani]

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[h=1]Govt issues details of OROP scheme; to cost 7500 crores annually at current rate[/h]
The arrears from July 1, 2014 to December 31, 2015 would be approximately costing Rs. 10,900 crore.

The Union Government on Wednesday issued the tables for implementation of the One Rank One Pension (OROP) scheme, thereby fulfilling the long-standing demand of the defence personnel after 42 years. The annual recurring financial implication on account of implementation of OROP at the current
rate will be approximately Rs. 7500 crore.

The arrears from July 1, 2014 to December 31, 2015 would be approximately costing Rs. 10,900 crore. Over 86 % of the total expenditure on account of OROP will benefit the JCOs/ORs.

Read more at: http://www.dnaindia.com/india/report-govt-issues-one-rank-one-pension-implementation-tables-2173618

 

[V.Balasubramani]

[h=1]Good new for ex-servicemen: Centre releases new pensionary benefits[/h]The government on Monday announced that it has credited revised pensionary benefits along with arrears under One Rank-One Pension scheme to more than 2 lakh pensioners drawing service and disability pensions.
[h=2]As to the more than 1.46 lakh family pensioners, the government will credit the new benefits by the end of this month, the defence ministry said in a statement.[/h][h=2]Read more at: http://www.rediff.com/news/report/g...releases-new-pensionary-benefits/20160314.htm[/h]