Tuesday, 2 May 2023

OROP Latest News

One Rank One Pension 

OROP Scheme

    One Rank One Pension (OROP) is a scheme that aims to provide equal pension benefits to retired military personnel who retired at the same rank and with the same length of service, regardless of when they retired. The concept of OROP is based on the principle of equity and justice, which aims to eliminate any disparities in pension benefits among retired personnel who served in similar ranks and for similar periods of time.

    Prime Minister Shri Narendra Modiji Explained on One Rank One Pension in Man Ki Bat. Assured Military Veterans that work is in progress at various level to get this complex long outstanding issue issue resolved on priority.


Extract of Man ki Baat episode as follows.


    This Video is published in the Public Interest for more awareness on the One Rank One Pension updates.


    One Rank One Pension (OROP) is a pension scheme aimed at providing equal pension benefits to retired military personnel who retired at the same rank and with the same length of service, regardless of when they retired.

    OROP scheme is based on the principle of equity and justice, which seeks to eliminate any disparities in pension benefits among retired personnel who served in similar ranks and for similar periods of time.
  

    This was first implemented in India in 1973. It was later modified in 2015 to provide for periodic revisions of pension rates based on the prevailing rates for personnel retiring in the same rank and with the same length of service.

    The One Rank One Pension scheme is important for retired military personnel, as it provides them with financial security and stability during their retirement years, and also boosts the morale of serving military personnel by assuring them that their retirement benefits will be taken care of in a fair and equitable manner.


Long Outstanding issue

The OROP scheme has been a long-standing demand of the Indian armed forces personnel and veterans, who have been advocating for its implementation for many years. The scheme has helped to improve the financial security and stability of retired military personnel, who can now plan their retirement better, knowing that their pension benefits will be revised periodically to keep pace with changing economic conditions.


The OROP scheme has also helped to boost the morale of serving military personnel, as they know that their retirement benefits will be taken care of in a fair and equitable manner, and that their sacrifice and service to the nation will be duly recognized and rewarded.

Implementation of ORPO

The implementation of the OROP scheme has been a major step towards addressing the concerns of retired military personnel, who have been fighting for their rights for many years. The scheme has helped to address the issue of disparity in pension benefits and has brought a sense of relief to retired personnel who can now enjoy their retirement years with financial security and stability.

The OROP scheme has also helped to improve the morale of serving military personnel, who can now see that their sacrifice and service to the nation will be rewarded in a fair and equitable manner. This has resulted in greater motivation and commitment among the armed forces personnel, who know that they will be taken care of after they retire from service.

Periodic Revision on OROP

The periodic revision of pension rates under the OROP scheme is another important feature, as it ensures that the pension benefits of retired personnel keep pace with inflation and other factors that affect pension calculations. This has helped to ensure that retired personnel are not left behind in terms of their standard of living and can maintain a good quality of life even after retirement.
In conclusion, the implementation of the OROP scheme has been a significant step towards ensuring that retired military personnel receive the pension benefits that they deserve. The scheme has helped to address the issue of disparity in pension benefits and has brought a sense of relief and security to retired personnel. It has also helped to boost the morale and motivation of serving military personnel, who can now see that their service and sacrifice to the nation will be duly recognized and rewarded.

#MannkiBaat | PM Narendra Modi's 100th Mann Ki Baat



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