- The change will take effect on July 1 of next year and will cost an additional Rs. 8,450 crores annually, plus arrears of Rs. 23,638 crores.
- Former retirees' pensions will be adjusted based on the average of the minimum and maximum pensions received by retired members of the Defense Forces in 2018 who had the same rank and length of service.
- Arrears will be paid from July 1, 2019, to June 30, 2022, for a total of about Rs. 23,638 crores, in accordance with the relevant dearness relief (DR).
- No matter when a person retires, OROP provides a consistent pension based on rank and years of service.
- It was implemented in 2015 by the Government of India.
- Armed Forces employees who retired as of June 30, 2019, with the exception of those who prematurely retired as of July 1, 2014, would be the beneficiaries of this modification.
Question:
Q.1 The one rank one pension scheme was first released in which year by the GoI?
a. 2015
b. 2016
c. 2019
d. 2022
a. 2015
b. 2016
c. 2019
d. 2022