One Rank One Pension (OROP) Scheme
One Rank One Pension (OROP) is one of the popular topics in news for many years, many of the individuals still do not have proper and adequate information of One Rank One Pension (OROP) Scheme 2020. Here through this page, we are providing you the complete details of OROP scheme. For our valuable readers, we have stated the OROP Revised Table and simple concept on this page with the help of which you will able to understand about the OROP scheme easily.
One Rank One Pension (OROP) simply means providing the same pension to military officers for the same rank for the same length of service, irrespective of the date of retirement. For a better understanding, we are here providing you an example for the same. Example- There is the person “X” serve his/her service for a period15 years from 1980 to 1995 and on another hand there is a person “Y” serve his/her service for a period15 years only from 1995 to 2010. In this case, as per the One Rank One Pension (OROP) Scheme 2020, both the person have the same rank and same length of service so both should get the same pension with any discrimination.
Hope with the stated example your point of One Rank One Pension (OROP) Scheme 2020 has been clear. The current scheme of determining pension depends on the last salary drawn. 50% of the last salary drawn is normally the pension over and above which you get the other allowances.
One Rank One Pension (OROP) Scheme 2020
What was the problem in the pension system?
The problem in an earlier pension scheme is the same rank and the same length of service does not get the same pension that is a lieutenant general who retired in 1995 will get a pension that is 10% lower than a colonel who retired after 2006. And on the other hand, a jawan who retired in 1995 will get a pension which is 80% less than his counterpart who retired on or after 1 January 2006.
Read: Pradhan Mantri Jan Dhan Yojana
Important Points of One Rank One Pension (OROP) Scheme 2020:
- The benefit of the One Rank One Pension (OROP) Scheme 2020 has come in effect from 01 July 2014
- Arrears will be paid in four half-yearly installments it may be noted that All widows, including war widows, will be paid arrears in one installment.
- The One Rank One Pension scheme will be fixed on the basis of the calendar year 2013.
- The Pension of all the retired individuals’ falls under the category will be re-fixed. The person will the same rank and with the same length of service place under the same pension scheme.
- It must be noted that if any Personnel voluntarily retires will not be covered under the OROP scheme.
- In every 05 years, the pension would be re-fixed
Note:
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