Cabinet revises pension for Armed Forces beneath One Rank One Pension

Express News Service

NEW DELHI: In a big step the Union Cabinet of Friday authorized the revision of the pension of armed forces’ pensioners/household pensioners beneath One Rank One Pension (OROP) w.e.f. July 01, 2019.

Pension of the previous pensioners can be re-fixed on the idea of the typical minimal and most pension of defence forces retirees for the calendar 12 months 2018 in the identical rank with the identical size of service.

The determination will profit the Armed Forces Personnel retired as much as June 30, 2019 excluding pre-mature (PMR) retired w.e.f. July 01, 2014 might be lined beneath this revision. More than 25.13 lakh (together with over 4.52 lakh new beneficiaries) armed forces’ pensioners/household pensioners might be benefitted. Pension for these drawing above the typical shall be protected. The profit would even be prolonged to household pensioners, together with struggle widows and disabled pensioners.

Arrears might be paid in 4 half-yearly instalments. However, all of the household pensioners, together with these in receipt of Special/ Liberalised Family Pension and Gallantry Award Winners, shall be paid arrears in a single instalment.

The estimated annual expenditure for the implementation of the revision has been calculated as approx. Rs 8,450 crore on the price of 31 per cent Dearness Relief (DR). Arrears w.e.f. July 01, 2019, to December 31, 2021, have been calculated as over Rs 19,316 crore primarily based on DR at 17 per cent for the interval from July 01, 2019, to June 30, 2021, and at 31 per cent for the interval from July 01, 2021, to December 31, 2021.

Arrears w.e.f. July 01, 2019, to June 30, 2022, has been calculated as roughly Rs23, 638 crore as per the relevant dearness reduction. This expenditure is over and above the continuing expenditure on account of OROP.

Rank smart a probable estimated enhance (in rupees) in service pension beneath OROP w.e.f. July 01, 2019:

The Government took a historic determination to implement OROP for the Defence Forces Personnel/household pensioners and issued a coverage letter on November 07, 2015, for revision of pension w.e.f. July 01, 2014.

In the mentioned coverage letter, it was talked about that in future, the pension can be re-fixed each 5 years. Approx. Rs 57,000 crore has been spent on the price of Rs 7,123 crore per 12 months in eight years within the implementation of OROP.

The Union Cabinet additionally has authorized the supply of free meals grain beneath the National Food Security Act for a interval of 1 12 months. In view of the choice, the central authorities would bear all the value of the meals subsidy to the tune of Rs 2 lakh crore.

The determination comes every week earlier than the expiry of the PM Garib Kalyan Anna Yojana free foodgrain scheme, which is ready to finish on December 31.

NEW DELHI: In a big step the Union Cabinet of Friday authorized the revision of the pension of armed forces’ pensioners/household pensioners beneath One Rank One Pension (OROP) w.e.f. July 01, 2019.

Pension of the previous pensioners can be re-fixed on the idea of the typical minimal and most pension of defence forces retirees for the calendar 12 months 2018 in the identical rank with the identical size of service.

The determination will profit the Armed Forces Personnel retired as much as June 30, 2019 excluding pre-mature (PMR) retired w.e.f. July 01, 2014 might be lined beneath this revision. More than 25.13 lakh (together with over 4.52 lakh new beneficiaries) armed forces’ pensioners/household pensioners might be benefitted. Pension for these drawing above the typical shall be protected. The profit would even be prolonged to household pensioners, together with struggle widows and disabled pensioners.

Arrears might be paid in 4 half-yearly instalments. However, all of the household pensioners, together with these in receipt of Special/ Liberalised Family Pension and Gallantry Award Winners, shall be paid arrears in a single instalment.

The estimated annual expenditure for the implementation of the revision has been calculated as approx. Rs 8,450 crore on the price of 31 per cent Dearness Relief (DR). Arrears w.e.f. July 01, 2019, to December 31, 2021, have been calculated as over Rs 19,316 crore primarily based on DR at 17 per cent for the interval from July 01, 2019, to June 30, 2021, and at 31 per cent for the interval from July 01, 2021, to December 31, 2021.

Arrears w.e.f. July 01, 2019, to June 30, 2022, has been calculated as roughly Rs23, 638 crore as per the relevant dearness reduction. This expenditure is over and above the continuing expenditure on account of OROP.

Rank smart a probable estimated enhance (in rupees) in service pension beneath OROP w.e.f. July 01, 2019:

The Government took a historic determination to implement OROP for the Defence Forces Personnel/household pensioners and issued a coverage letter on November 07, 2015, for revision of pension w.e.f. July 01, 2014.

In the mentioned coverage letter, it was talked about that in future, the pension can be re-fixed each 5 years. Approx. Rs 57,000 crore has been spent on the price of Rs 7,123 crore per 12 months in eight years within the implementation of OROP.

The Union Cabinet additionally has authorized the supply of free meals grain beneath the National Food Security Act for a interval of 1 12 months. In view of the choice, the central authorities would bear all the value of the meals subsidy to the tune of Rs 2 lakh crore.

The determination comes every week earlier than the expiry of the PM Garib Kalyan Anna Yojana free foodgrain scheme, which is ready to finish on December 31.