While stressing the Centre's commitment to OROP, Finance Minister Arun Jaitley said it cannot make concessions which are un reasonable. “I have my own formula and others might have their own formula, but it has to be reasonable and rational. We cannot have an OROP where pensions are revised every month or year ... Can every one come and start asking for annual revision of pension? Can the BSF, CRPF do it? ... You cannot create a liability which future generations have to pay,“ Jaitley told ET Now.
Asked about the fiscal room to implement OROP, Jaitley said: “I have been very vigilant about fiscal prudence. My job is like that of a housewife and I have to measure every rupee that the house spends, so that we don't overspend and then borrow. Once you start borrowing beyond a point, what happened two weeks ago will be repeated frequently. That is not a situation India can accept.“
The definition of One Rank One Pension (OROP) entails payment of uniform pension to military personnel retiring in the same rank with the same length of service, irrespective of their date of retirement. Moreover, any further enhancement in pension rates has to be automatically passed on to past pensioners.