Government announces implementation of One Rank One Pension scheme. Key features of the OROP scheme include:
1. OROP is a scheme for ex-servicemen under military pension.
2. It guarantees that uniform pension will be paid to armed forces personnel though retiring at the different ranks with the same length of service, irrespective of their date of retirement.
3. Pension amounts will be fixed on the basis of the pension rates in 2005.
Codes:
Government announces implementation of One Rank One Pension scheme. Key features of the OROP scheme include:
1. OROP is a scheme for ex-servicemen under military pension.
2. It guarantees that uniform pension will be paid to armed forces personnel though retiring at the different ranks with the same length of service, irrespective of their date of retirement.
3. Pension amounts will be fixed on the basis of the pension rates in 2005.
Codes:
The correct option is B Only 1
The One Rank One Pension (OROP) is a scheme for ex-servicemen under military pension. It guarantees that uniform pension will be paid to armed forces personnel retiring at the same rank with the same length of service, irrespective of their date of retirement. Future increase in the rates of pension will be automatically passed on to existing pensioners. Military pensions are currently linked to the last drawn salary of the ex-servicemen. Key features of the OROP scheme include:
- The scheme will be given effect from July 1, 2014. It will not cover servicemen who voluntarily retire. Later, the Prime Minister stated that anyone who was discharged from the armed forces due to injury would be covered under OROP.7
- Pension amounts will be fixed on the basis of the pension rates in 2013. Thereafter, pension rates will be re-fixed every five years to bridge the gap between existing and new pensioners.
Only 1
The One Rank One Pension (OROP) is a scheme for ex-servicemen under military pension. It guarantees that uniform pension will be paid to armed forces personnel retiring at the same rank with the same length of service, irrespective of their date of retirement. Future increase in the rates of pension will be automatically passed on to existing pensioners. Military pensions are currently linked to the last drawn salary of the ex-servicemen. Key features of the OROP scheme include:
- The scheme will be given effect from July 1, 2014. It will not cover servicemen who voluntarily retire. Later, the Prime Minister stated that anyone who was discharged from the armed forces due to injury would be covered under OROP.7
- Pension amounts will be fixed on the basis of the pension rates in 2013. Thereafter, pension rates will be re-fixed every five years to bridge the gap between existing and new pensioners.
