Ex-servicemen will get higher pension
Surrender of MedalsNEW DELHI: The defence allocation saw Finance Minister Pranab Mukherjee increasing the pension for retired service personnel, based on the recommendations of a committee headed by Cabinet Secretary K. M. Chandrasekhar.
The panel was set up after over 10,000 ex-servicemen returned their medals to protest against disparity in pensions. The new pension scales, to be implemented from this month, will benefit about 12 lakh retired soldiers.
Ex-servicemen will get higher pension Pensions should ideally protect the value of compensation for Ex- Servicemen and their survivors from potential inflation.
if the cost of living index increases then pensions be suitably increased to compensate for decrease in purchase power of the recipients.
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