The government is working on a fresh option to resolve the ongoing stand-off over 'one-rank-one-pension' demand of ex-servicemen, sources said on Thursday.
According to a senior government official, they are working on a proposal that would be similar to the pension scheme for MPs. The scheme operates on a band concept, with additional money for each additional year of service.
The proposal is to create pension bands for each rank, and then provide additional money for each extra year of service. So all officers who retire in a particular rank will be in the same band of pension, with the total pension payment going up according to the number of years he has spent in that rank.
"We are working out the fine details," one source said. Senior government officials are thrashing out the finer details, and it would be presented to the representatives of ex-servicemen and the military brass.
Read more @ http://timesofindia.indiatimes.com/india/New-OROP-formula-may-be-similar-to-MPs-pension-plan/articleshow/47548368.cms
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