Monday, March 3, 2014
Implement One Rank, One Pension Soon, MoD Told
Defence Minister A K Antony on Thursday directed his ministry’s accounts deptt to immediately take steps for implementation of the ‘One Rank-One Pension’ decision. At a meeting chaired by him here on Wednesday evening, he had assured the Armed Forces that the Centre was “fully committed” to implement the OROP policy, which was accepted to be implemented from the 2014-15 financial year and an interim budget of `500 crore was earmarked for the same. The policy, when implement-ted, would cost `1,800 crore in the next fiscal, with a 10% increase in the pay-out every year hence.