The Union Cupboard has permitted the revision of pension of armed forces personnel below the ‘One Rank One particular Pension’ plan with retrospective influence from July 1, 2019 and the final decision will advantage all-around 25 lakh pensioners.
Information and Broadcasting Minister Anurag Thakur reported addressing the media immediately after a conference of the union cabinet, the final decision will guide to improved pension as for every the OROP proposal. “The profit would also be prolonged to spouse and children pensioners, such as war widows and disabled pensioners”, he claimed.
The determination has been taken on Friday at a meeting of the Union Cabinet presided above by Primary Minister Narendra Modi and will final result in an supplemental annual expenditure of Rs 8,450 crore, in accordance to the protection ministry. “The benefit would also be extended to household pensioners including war widows and disabled pensioners,” Thakur stated.
It mentioned Rs 23,638 crore will be paid out as arrears to the pensioners from July 2019 to June 2022.
“The Union Cupboard, headed by Prime Minister Narendra Modi, has accredited revision of pension of armed forces pensioners/loved ones pensioners below Just one Rank A person Pension (OROP) with influence from July 1, 2019,” the ministry reported in a statement.
It said the pension of the previous pensioners would be re-preset on the foundation of normal of least and optimum pension of protection forces retirees of calendar yr 2018 in the exact same rank with the same length of services.
The armed forces personnel retired up to June 30, 2019 (excluding people retired pre-maturly (PMR) with result from July 1, 2014) will be included below this revision, according to the ministry.
Much more than 25.13 lakh (which include in excess of 4.52 lakh new beneficiaries) pensioners and family members pensioners will be benefited from the final decision, it reported.
The governing administration had issued notifications in 2015 asserting the implementation of the OROP plan. It had a provision for examining the pensions each individual 5 years.
The ex-servicemen have been demanding a revision of the pension.
The ministry claimed pension for those drawing above the average shall be protected. The reward would also be prolonged to family pensioners, which includes war widows and disabled pensioners, in accordance to the ministry.
It said arrears will be compensated in four half-annually instalments.
“On the other hand, all the family pensioners, including people in receipt of exclusive/liberalised family pension and Gallantry award winners, shall be paid arrears in just one instalment,” the ministry stated.
Cabinet approves future revision of pension of Protection Forces Personnel/family pensioner under A person Rank Just one Pension (OROP)
The gain of this will be extended to loved ones pensioners together with war widows & disabled pensioners: Union Minister @ianuragthakur #CabinetDecisions pic.twitter.com/61xGWGsiwd— PIB India (@PIB_India) December 23, 2022
The defense ministry stated the estimated annual expenditure for the implementation of the revision has been calculated at somewhere around Rs 8,450 crore thinking of 31 per cent dearness allowance.
It stated the arrears from July 1, 2019 to December 31, 2021 have been calculated as around Rs 19,316 crore centered on dearness allowance of 17 per cent for the time period from July 1, 2019 to June 30, 2021 and 31 per cent DA for the interval from July 1, 2021 to December 31, 2021.
Arrears from July 1, 2019 to June 30, 2022 have been calculated at Rs 23,638 crore as per the relevant dearness relief.
This expenditure is around and previously mentioned the ongoing expenditure on account of OROP.
(With inputs from PTI)