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03 Mar, 2014 10:57 AM

A K Antony directs to implement OROP immediately

A K Antony directs to implement OROP immediately
Defence Minister A K Antony on Thursday directed his ministry’s accounts department 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 implemented, would cost `1,800 crore in the next fiscal, with a 10 per cent increase in the pay-out every year hence.

Antony told the meeting to discuss modalities for OROP implementation that required funds would be made available for the scheme.

Chairing a meeting of Armed Forces top brass and MoD senior officials here, Antony pointed out that Finance Minister P Chidambaram had clarified that the `500 crore made available for the OROP scheme was only “indicative” of the government’s intent to implement the long-pending demand.

Read full at @ Indian Express



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