Tuesday, September 25, 2012

Pension enhancement to beat inflation: OROP made POOR

MONDAY, SEPTEMBER 24, 2012
Cabinet approval granted to pensionary part of the report of the Committee of Secretaries
The cabinet has today approved the pensionary part of the PM appointed Committee of Secretaries.
What has been accepted and promulgated is the same as was placed on this blog on 09 August 2012. Click here.
An official press release can also be accessed by clicking here.
  • Service pension for various ranks shall now be the following:
    For Junior Commissioned Officers and Other Ranks (JCOs/OR). Add two years in the existing tables which can be accessed by clicking here. For example, to get to know the basic pension now admissible at 15 years, the amount reflected at 17 years will be reckoned now.
  • For Officers: The admissible basic pension for pre-2006 retirees shall be as below:
    Lieut: Rs 13,500
    Capt: Rs 15,350
    Maj : Rs 18,205
    Lt Col: Rs 26,265
    Col: Rs 27,795
    Brig: Rs 29,145
    Maj Gen: Rs 30,350
    Posted by Navdeep / Maj Navdeep Singh at 9:50 PM
    Click here for Maj Navdeep's Original Post
    Related Tribune News
    Govt moves closer to one rank, one pension; clears Rs 2,300-cr package
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