One Rank One Pension Cleared in Principle, PM Modi to Take Final Call: Sources

New Delhi:  The Centre has in principle cleared the 'One Rank One Pension' scheme for retired armed forces personnel, sources have told NDTV. The government has made a provision for an additional Rs. 8,300 crore for this purpose.

The scheme, which seeks to ensure that a uniform pension is paid to defence personnel who retire at the same rank with the same length of service, irrespective of their date of retirement, has been a long-standing demand of the over 20 lakh ex-servicemen in the country. Majority of Defence personnel hang up their boots much before 60 years. Also, over the years the disparity in the pension drawn by personnel of same rank who retired for instance a decade ago and those who retire now is substantial.