• Home
  • 7th Pay Commission News
  • orop news
  • Dopt Orders
  • CGDA Orders
  • expected da

PAY NEWS

Latest Central Government Employees News - 7th Pay Commission News, Dearness Allowance, Pension News, DOPT Orders

You are here: Home / orop news / Central Government notifies implementation of One Rank One Pension

Central Government notifies implementation of One Rank One Pension

Central Government notifies implementation of One Rank One Pension

In a latest development today the implementation of OROP has been notified by Government. After the Veterans decided to return the medal if implementation of OROP is delayed, central government decided to notify the implementation of OROP with effect from July 1, 2014

Indiatodady.intoday.in has posted an news item in this regard has been reproduced below

One Rank One Pension to be effective from July 1, 2014

In the latest development in the One Rank One Pension scheme deadlock, the Centre on Saturday said that the scheme will be effective from July 1, 2014.

Defence Minister Manohar Parrikar at a press conference to announce implementation of One Rank One Pension (OROP) scheme.

In the latest development in the One Rank One Pension scheme deadlock, the Centre on Saturday said that the scheme will be effective from July 1, 2014.

The government in its announcement has listed the following points:

The arrears will be paid in four half-yearly instalments.

All widows, including war widows, will be paid arrears in one instalment.

The pension would be re-fixed every five years.

Defence personnel who voluntarily retire will be covered under the One Rank One Pension (OROP) scheme. However, the new pension structure will apply to personnel who have already retired prematurely pension would be re-fixed every five years.

The estimated cost of OROP implementation to the exchequer would be Rs 8,000 to Rs 10,000 crore. Expenditure on arrears would be between Rs 10,000 to Rs 12,000 crore.

Filed Under: orop news July 29, 2016 By Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Featured Posts

7 cpc option calculator

7 cpc option calculator

7 cpc option calculator

Recent Entries

Calculate your DA from July 2020

May 10, 2020

Comprehensive Transfer Policy – FREE from 5 years service condition – NFIR

November 13, 2019

Minutes of the 31st SCOVA meeting held under the chairmanship of Hon’ble MOS(PP) on 05.09.2019

November 13, 2019

Free Preventive Health Checkup for Central Government Retired employees aged 75 years and above under CGHS Scheme

September 9, 2019

Steps Taken to Streamline And Strengthen Pension Sanctioning And Payment System

July 22, 2019

Various Measures To Bring Transparency In Administration

July 22, 2019

Enhanced Govt Contribution from 10% to 14% under NPS – PFRDA Circular

July 11, 2019

Increment for central government employees starts today, 7th CPC Increment

July 1, 2019

New Income Tax Rules; Defaulters Will Not Be Able To Get Away Just By Paying A Penalty

June 26, 2019

Are You Salaried Employee? Leave Encashment Is Taxable While In Service

June 26, 2019

Copyright © 2023 | Central Government Employees News | Paynews.in