On the completion of five years of One Rank One Pension Scheme, PM Modi announced that central government has disbursed Rupees 42,700 crores to more than 20.6 lakh ex-servicemen in the last five years. One rank one pension scheme of the government of india was launched in 2015 for indian armed forces.
Defence Current system of pension
Presently uniform pension is given to the retiring defence personnel irrespective of their rank and the length of service. This is 50 per cent of their last drawn salary. The Armed personnel who retired on or after 30 June 2014 are covered under the scheme.
About One rank One pension Scheme
Under the One rank One pension scheme retired personnel of the Indian Army will be getting the same amount of pension irrespective of the date he retires. The One rank One pension was in practice since 1947. After 26 years, in 1973, During Indira Gandhi government scheme was terminated. Again in 2008, Manmohan Government again introduced the scheme and ran till 2014.
On 30 May 2015, Under Modi Government the scheme was redefined again.
In 1986, Government of India introduced the concept of rank pay. The system affected thousands of retired officers of all the 3-armed forces (Indian Navy, Indian Army, Indian Airforce). It was recommended by the 4th Central Pay Commission.
About Koshiyari committee
In 2011, Koshiyari committee submitted its first report. The committee was set up under the chairmanship of Bhagat Singh koshyari with a 10 member. Koshiyari committee defined One Rank One Pension scheme as a uniform pension to be paid to the armed forces personnel who are retiring in the same rank with same length of service. This is irrespective of their date of retirement.
The main concerns of the veterans is around the premature retires. The one rank one pension grants revision every 5 years. However, the veteran wanted to be revised every one to two years.
Usually the Jawan retire at the age of 35 and a civilian can continue in service till 60. There are possibilities that the other uniformed personnel such as the state police forces and the Paramilitary forces will demand for one rank one pension. One Rank One Pension Scheme completes 5 years One Rank One Pension Scheme completes 5 years