One rank, one pension scheme to be rolled out soon: Parrikar

Image
Press Trust of India New Delhi
Last Updated : Feb 01 2015 | 7:20 PM IST
Defence Minister Manohar Parrikar today assured the ex-servicemen of early implementation of the 'one rank, one pension' scheme, saying his Ministry has fast-tracked the work on it.
The assurance came when a 27-member delegation of the ex-servicemen called on Parrikar at Kota House here, his residence for the time-being.
A rally was also held here by the ex-servicemen, seeking early implementation of the scheme.
Defence sources said Parrikar assured the ex-servicemen of rolling it out at the earliest.
He said he is working hard on it and the Ministry will send its views to the Finance Ministry by February 17.
Parrikar underlined that there are lot of calculations and complications involved and he is working towards solving them.
"I will do my work," he was quoted as telling the delegation.
Maj Gen Satbir Singh (retd), Chairman of Indian Ex-Service Movement, said the meeting with Parrikar was "positive".
He said that the Minister has given assurances to the delegation on four major issues relating to the scheme, including "getting approval from the Finance Ministry before the Budget this month".
One rank, one pension scheme has been a long-standing demand of the over 2 million ex-servicemen in the country.
It 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.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 01 2015 | 7:20 PM IST

Next Story