OROP announced today. Highlights ....

Defence Minister Mr. Manohar Parrikar announced the implementation of OROP , in a Press Conference, a few hours back. He  said  that the government has decided to implement the “O R O P scheme".

Wef 1 July 2014 ,  Base year : 2013,   Pension Revision every FIVE years (not annual)

Not applicable to those opted VRS.   Arrears in 4 half yearly instalments.   

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Highlights :

1. OROP will be implemented from July 1, 2014 and the base year would be 2013.

2. The estimated to implement OROP would be between Rs 8,000 crore to Rs 10,000.

3. Pension of ex-servicemen will be revised every five years.

4. Re-fixed pension will be the average of minimum and maximum pension in 2013.

5. OROP arrears to be paid in 4 half-yearly installments.  Widows to get in lump-sum.

6. Those drawing pensions above the average will be protected.

7. A one-member judicial committee will be constituted. It will give reports on equalisation period in 6 months.

8.  Personnel who took VRS will not be covered under OROP scheme.

9. Discrepancy between the present and previous pensioners” settled every five years,

10.  ExServicemen leaders said "will wait for full plan of Government and then come with a calibrated  response",

11.  For the cases of veterans of the same rank earning different pensions, the government proposes to take the average of the maximum and minimum pension paid per rank, while protecting those who earn above average pensions in their rank.

Source:  gconnect.in