Government today released the revised pensionary benefits to more than 2 lakh 21 thousand Defence pensioners drawing service and disability pension. The amount along with first installment of arrears had been released and credited by the Defence Ministry to the accounts of these pensioners on 1st March. <br/><br/>In the case of remaining 1 lakh 46 thousand family pensioners drawing pension, payment along with arrears is expected to be released by March end. <br/>These steps are a follow-up to Department of Ex-Servicemen Welfare of the Ministry of Defence's notification in November last year ordering implementation of One Rank One Pension, OROP scheme for Defence pensioners. <br/><br/>The total additional annual financial increase for grant of One Rank One Pension, OROP is over 7 thousand 4 hundred 88 crore rupees. The total amount on account of arrears to be paid for the period 1st July 2014 to 31st December 2015 is over 10 thousand 925 crores. <br/><br/>Out of total, Personnel Below Officer Rank, PBOR family pensioners will get 6 thousand 4 hundred 5 crores. <br/>Due to increase in defence pension budget, the additional liability for current financial year 2015-16 shall be 4 thousand 7 hundred 21 crores which will increase the current defence pension liability of 60 thousand 238 crores to 64 thousand 959 crores for the year 2015-16.
News On AIR | March 14, 2016 4:40 PM
Govt. releases revised pensionary benefits to Defence pensioners