True or not true?
It is believed that the defence pension bill has the potential to reach an unsustainable level, and perhaps even exceed the wage bill. This is borne out by the recent MOD and Media projections of liabilities in the future years. The government has decided against introducing pension reforms in the defence services and maintain status quo. How has it stage managed the show? Here is the logic:
Well as per Pre 2006 pension order issued it proves that above statement is true. What the Government has done is to include 16% DA to the existing Pension that one is already drawing through the banks. All the 95- paged pension order tables are a hype. What a waste of effort deciphering the multitude of tables when in reality what a pre 2006 pensioner will get in addition is only the 16% DA to existing monthly pension. What is the hype about arrears? It is only the arrears of 16% DA as applicable. 40 percent arrears with 30% tax deduction at source. Ultimately it is boils down to one month additional pension as arrears. The remainder 60 percent arrears next year with 30% tax deduction works out to one half months of existing pension!
I wish I am totally wrong!
The post 2006 pension order is little more attractive for the reason that the inflationary trends is relatively neutralised. Maybe this is a sop to keep the premature retirement applications at bay for now.
The OROP has been given the final burial and dreams of many ESM shattered. The government has saved the pennies but lost the cheer of the Jawans who have ensured the safety and security of the nation.
Testimony
Pension Orders Pre 2006
Pension Orders Post 2006
Tuesday, November 18, 2008
SCPC: Pension Order of Armed Forces hype and illusion
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Neither the "Report my Signal -Blogs" nor the individual authors of any material on these Blogs accept responsibility for any loss or damage caused (including through negligence), which anyone may directly or indirectly suffer arising out of use of or reliance on information contained in or accessed through these Blogs.
This is not an official Blog site. This forum is run by team of ex- Corps of Signals, Indian Army, Veterans for social networking of Indian Defence Veterans. It is not affiliated to or officially recognized by the MoD or the AHQ, Director General of Signals or Government/ State.
The Report My Signal Forum will endeavor to edit/ delete any material which is considered offensive, undesirable and or impinging on national security. The Blog Team is very conscious of potentially questionable content. However, where a content is posted and between posting and removal from the blog in such cases, the act does not reflect either the condoning or endorsing of said material by the Team.
Blog Moderator: Lt Col James Kanagaraj (Retd)
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