Staff Corner Home
Staff Corner.com

The News and Info Site for Central Government Employees & Pensioners



Defence Minister targets 'one-rank one-pension' implementation before next budget




»
»



26 Dec, 2014 5:52p.m.

Defence Minister Manohar Parrikar have said that 'one-rank one-pension' policy would be implemented in the defence forces before the next budget.

"One-man one-pension policy will be implemented. We are right now working on its detailing," the Minister said. The implementation has lot of financial implications which are being worked out, he said.

"It has lot of financial implications. Details would be available only once we work it out," Parrikar said.

'One-rank, one-pension' policy means soldiers of the same rank and same length of service get the same pension irrespective of their retirement date. Parrikar said the announcement to implement the policy was made in the last budget.

"Now we will have to implement it. I have kept a target that it will be implemented before the next budget. My effort is to ensure that it should be implemented as soon as possible. My target is that it should not wait for the next budget," he said.
It is expected that the  one rank, one pension will push up the Centre’s defence pension payments by a record 40 per cent.


Dont forget to share this post
Post to facebook Tell your friends

Enter your email address for latest Staff News:

Other General News

Other News

Govt. Job openings.

Join the Employees community. Receive all updates via Facebook. Just Click the Like Button Below...

Facebook Gconnect
Social Reading at Staffcorner