New Register here for RBI, SEBI & NABARD strategy workshop! April 9 at 7 PM

    Question

    Consider the following statement about One Rank One

    Pension: I. It will be came onto effect from July 01, 2019. II. The benefit would also be extended to family pensioners, including war widows and disabled pensioners. III. It aims at pension uniformity for armed forces personnel retiring at the same rank with the same length of service. Which of the above statement is/are correct?
    A I only Correct Answer Incorrect Answer
    B II only Correct Answer Incorrect Answer
    C III only Correct Answer Incorrect Answer
    D I and II only Correct Answer Incorrect Answer
    E I, II and III Correct Answer Incorrect Answer

    Solution

    The Union Cabinet, headed by Prime Minister Narendra Modi, has approved revision of pension of Armed Forces Pensioners/family pensioners under One Rank One Pension (OROP) w.e.f. July 01, 2019. Pension of the past pensioners would be re-fixed on the basis of average of minimum and maximum pension of Defence Forces retirees of calendar year 2018 in the same rank with the same length of service. More than 25.13 lakh (including over 4.52 lakh new beneficiaries) Armed Forces Pensioners/family pensioners will be benefitted. Pension for those drawing above the average shall be protected. The benefit would also be extended to family pensioners, including war widows and disabled pensioners. OROP is short for "One Rank One Pension", which aims at pension uniformity for armed forces personnel retiring at the same rank with the same length of service.

    Practice Next

    Relevant for Exams: