Forces seek new pension formula based on last pay - Ajay Banerjee, Tribune News Service
New Delhi, January 12
Click for continue »
New Delhi, January 12
The suggestions
|
Even as the retired veterans from forces are asking for one-rank-one pension (OROP), the ‘joint services’ memorandum submitted to the 7th pay commission has recommend a pension formula that is based on the last pay drawn.
Sources told the Tribune that the memorandum submitted on behalf of the three services, the Army, the IAF and the Navy, to the commission has suggested that 75 per cent of the last pay drawn should be the benchmark for calculating pension for jawans. In case of officers, 60 per cent of last pay drawn be the benchmark for calculating pension.
This demand has been put forward as the government is yet to implement the one rank-one pension (OROP). On its part, the government has accepted the OROP. Its modalities are being worked out over the past 12 months.