7 Things To Know About One Rank One Pension Scheme
BANGALORE: Defense Minister Manohar Parrikar announced the implementation of the long awaited OROP scheme. 'One Rank One Pension' scheme would offer uniform pension payouts to army veterans considering their ranks held by them at the time of retirement and the length of service.
As the last minute negotiations failed the scheme wasn’t announced on Independence Day. However, on September 6, the bill was announced after most of the modalities have been discussed and resolved.
If you’ve missed out the whole episode of what OROP is all about and why it is necessary and is being demanded, we have compiled a summary of 10 major points about this scheme, reports ET.
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