OROP Pension Table 2024 Latest Revised Table, Pdf, News, Arrears
Orop pension table pdf, PCDA OROP 2 pension table, OROP pension table 2024, New OROP table, PCDA OROP 3 pension table, Orop pension table 2021, OROP Table No 7, OROP 1 pension table PDF, OROP Pension Table 2024 Latest Revised Table, Pdf, News, Arrears,
OROP Pension Table: The Indian government announced a significant amendment to the One Rank One Pension (OROP) program on December 23, 2022. According to the latest reports, an additional 4.52 lakh beneficiaries have been included under the scheme, bringing the total number of OROP Pension recipients to 25.13 lakh.
This amendment will be implemented retroactively from July 1, 2022, and will apply to retired personnel of the armed forces who served up to June 30, 2019. However, the revision excludes pre-mature retirees (PMR) who left service on or after July 1, 2014. Continue reading below for comprehensive details on the OROP Pension Table, including its key highlights, the implementation process, benefits, and more.
Table of Contents
☰ MenuOROP Pension Table 2024
The Indian Union Cabinet approved modifications to the One Rank One Pension (OROP) program on December 23, 2022. Under this scheme, all retired soldiers of the Indian Armed Forces—irrespective of their retirement date—are entitled to equal pension payments if they hold the same rank and have served for an equivalent duration. The revised OROP Pension Table 2024 ensures that eligible pensioners and family pensioners receive fair and uniform benefits.
The OROP 2024 program includes all armed forces personnel who retired on or before June 30, 2019, with the exception of those who opted for Pre-Mature Retirement (PMR). This revision aims to address disparities in pensions among retirees of the same rank and service tenure.
Approximately 25.13 lakh pensioners and family pensioners across all branches of the armed forces are set to benefit from this revision. The announcement of the updated One Rank One Pension Scheme 2024 has been well-received, with beneficiaries expressing satisfaction regarding the changes. Many are now keen to understand the specifics of the revised pension amounts and the arrears they will receive under the updated program.
This revision marks another step toward ensuring equity and dignity for the retired armed forces personnel who have dedicated their lives to the service of the nation.
Indira Gandhi National Old Age Pension
One Rank One Pension Table Details in Highlights
Name | OROP Pension Table |
---|---|
Initiated by | Indian Government |
Beneficiaries | Armed Services Retirees |
Number of Recipients Added | 4.52 Lakh |
New Total of OROP Pension Recipients | 25.13 Lakh |
Implementation of Pension
The Indian government implemented the One Rank One Pension (OROP) policy to ensure parity in pension payments for retired military personnel. Under this policy, individuals of the same rank and years of service receive the same pension, regardless of their year of retirement. Previously, pensions were calculated based on the recommendations of the pay commission in effect at the time of retirement. This led to significant disparities in pensions for personnel of identical ranks and service durations who retired in different years.
The primary objective of OROP was to address this long-standing issue and honor the service and sacrifices of military personnel. By introducing a more equitable pension system, the policy has significantly improved the financial stability and well-being of retired military personnel, many of whom had previously faced financial challenges. Additionally, OROP has boosted the morale of veterans by acknowledging their contributions in a meaningful way.
The implementation of the One Rank One Pension policy represents a significant milestone for the Indian government and armed forces, resolving a grievance that had persisted for decades and ensuring fairness in pension distribution for military retirees.
Indira Gandhi National Widow Pensions
Benefits of OROP Pension Table
The One Rank One Pension (OROP) Pension Table offers several significant benefits to retired armed forces personnel. These include:
- Equitable Distribution of Pensions: The OROP Pension Table ensures that pensions are distributed uniformly among members of the armed forces, eliminating discrepancies based on the year of retirement.
- Recalculation Based on 2013 Retirees: Under this scheme, the pension for earlier retirees is recalculated using the baseline established for individuals who retired in 2013, ensuring fairness across different retirement periods.
- Bridging Pension Disparities: The plan aims to close the gap between the existing pensions of past retirees and the pension rates applicable to those retiring more recently.
- Baseline Average for Uniformity: A baseline average for the minimum and maximum pension was calculated for retired personnel with the same rank and comparable years of service as of 2013. This creates a standardized pension framework.
- Protection for Above-Average Pensions: Pensions that exceed the calculated baseline average will remain intact, ensuring that no recipient faces a reduction in their pension benefits.
- Periodic Pension Revision: Pension amounts will be reviewed and adjusted every five years, allowing for updates that reflect economic changes and ensure long-term sustainability for the recipients.
By addressing these key factors, the OROP Pension Table provides a more transparent and equitable system, improving financial security for retired armed forces personnel.
Revised OROP Pension Table
The petition seeking an extension for the payment of arrears under the One Rank One Pension (OROP) scheme until March 15, 2024, has led to the approval of the revised OROP pension structure. Under the revised plan, pensions for past retirees will be recalculated and guaranteed based on the average of the minimum and maximum pensions drawn by defense personnel of the same rank and equivalent length of service who retired in 2018.
Rank | Pension as of 1st January 2016 | Revised Pension w.e.f. 1st July 2019 | Likely Arrears (1st July 2019 to 30th June 2022) |
---|---|---|---|
Sepoy | ₹17,699 | ₹19,726 | ₹87,000 |
Naik | ₹18,427 | ₹21,101 | ₹1,14,000 |
Major | ₹61,205 | ₹68,550 | ₹3,05,000 |
Havaldar | ₹20,066 | ₹21,782 | ₹70,000 |
Nb Subedar | ₹24,232 | ₹26,800 | ₹1,08,000 |
Sub Major | ₹33,526 | ₹37,600 | ₹1,75,000 |
Brigadier | ₹96,555 | ₹1,08,800 | ₹5,05,000 |
Lt. Colonel | ₹84,330 | ₹95,400 | ₹4,55,000 |
Colonel | ₹92,855 | ₹1,03,700 | ₹4,42,000 |
Lt. General | ₹1,01,515 | ₹1,12,050 | ₹4,32,000 |
Maj. General | ₹99,621 | ₹1,09,100 | ₹3,90,000 |
Summary of OROP Pension Table 2024 Latest Revised Table
The OROP Pension Table 2024, revised by the Indian government, ensures equal pension payments for armed forces personnel of the same rank and service duration. The revision includes 4.52 lakh new beneficiaries, bringing the total to 25.13 lakh pensioners. Effective from July 1, 2022, it addresses disparities in pensions, recalculating amounts based on 2013 retirees' baseline and ensuring periodic reviews for fairness and financial stability.
What is OROP?
OROP stands for One Rank One Pension, ensuring uniform pension for armed forces personnel of the same rank and service length.
When was the OROP revision approved?
The revision was approved on December 23, 2022.
Who benefits from OROP 2024?
Retired personnel of the Indian Armed Forces who served until June 30, 2019, excluding premature retirees.
How many beneficiaries are covered?
The revision includes 4.52 lakh new beneficiaries, totaling 25.13 lakh pensioners.
When does the revised pension take effect?
The revised pensions are effective from July 1, 2022.
How are pensions calculated under OROP 2024?
Pensions are recalculated based on the average minimum and maximum pensions of personnel with the same rank and service length from 2018.
What are the arrears under OROP?
Arrears will be calculated from July 1, 2019, to June 30, 2022, and will be paid accordingly.
What is the baseline for pension calculation?
Pensions are recalculated using the baseline established for retirees in 2013.
How often will pensions be revised?
Pensions will be revised every five years to reflect economic changes.
How does OROP benefit retirees?
OROP ensures fair pension distribution, addressing disparities between retirees of the same rank and service tenure.
Comments Shared by People