Orop Pension Table 2023 Arrear Table & Revisions – Latest News and updates can be checked from this page. On December 23, the Indian government declared that the One Rank One Pension (OROP) plan would be revised. Recently, the Union Cabinet authenticated the One Rank One Pension (OROP) Scheme for Ex-Servicemen. Please read the entire article if you’d like to learn more about the One Rank One Pension (OROP) Scheme.
Highlights
OROP Pension table 2023
OROP stands for the One Rank One Pension policy of the Indian government. The scheme was first launched in the year 2015. The scheme aims to provide an equal amount of pension for military personnel who have retired from the same post, irrespective of their retirement year.
Prior to OROP, military pensions were calculated based on the pay commission recommendations of the place of posting at the time of retirement. This meant that pensions for personnel who retired in different years at different places following different pay commissions could be significantly different, even if they held the same rank and had the same length of service.
What is the OROP Pension table?
The main motive for implementing this scheme was to address the long-standing issue of pension disparities amongst military personnel of same ranks. The implementation of this policy not only help to establish an equitable pension system, but also helped to boost the morale of retired servicemen, and also helped them to become more financially stable.
This article will provide detailed information regarding the scheme and revised pension table of 2023. Read the article to know detailed information about the scheme.
OROP Pension Scheme
Scheme Name | One Rank One Pension policy (OROP) |
Objective of Scheme | To support the financial income of the retired military officers of India
To reduce the pension amount disparities amongst retired military personnel from the same rank. |
Launching year | February 2019 |
Number of recipients Added | 4.52 lakh |
New Total of OROP Pension Recipients | 25.13 Lakh |
Category | The scheme launched by central Government |
Responsible Department | Department of Ex-Servicemen Welfare |
Amount disbursed from 2019-2022 | Rs. 23,638 crore |
Funding | 100% funding by the Central government |
Last/12th installment Date | December 2022 |
Last payment period | December-March 2023 |
Expected Date for the 2023 installment | 15 March 2023 |
Beneficiaries | Armed Services Retirees and Family. |
Installation method | Direct Bank transfer |
Official Website | https://desw.gov.in/en/orop-0 |
Benefits of the OROP Pension Scheme
Some of the most significant benefits of the One Rank One Pension OROP scheme are listed below:
- Through this pension plan, the department has advocated for equal pension distribution among service personnel.
- The 2013 retirement pension base will be used to recalculate the pension for former retirees.
- According to this strategy, the difference between the department’s current pension and the pension rate that is applicable to retired employees should be closed.
- A baseline average was determined for the minimum and maximum pension for retired army personnel in 2013 with the same rank and comparable years of service.
- However, the agency will protect above-average pensions.
Additionally, beneficiaries’ pensions will be updated every five years. Then, to give the qualified individual, other crucial traits must be eliminated.
OROP Revision Table 2023
The petition for an extension of time for the OROP Scheme Pension Arrears Payment until March 15, 2023, was followed after the Union Cabinet approved the idea of the One Rank One Pension (OROP) Revision.
The OROP Scheme states that the future pension of past pensioners will be assured based on the minimum and maximum pension averages of retired officers in the Defense Force in 2018 who held the same rank and duration of service as the past pensioners. It was further informed by a press release that the family members of the late pensioners, war widows, and disabled pensioners will also get the benefit of this scheme.
According to the most recent update, 4.52 lakh additional recipients have been added to the list. There are currently 25.13 lakhss OROP Pension beneficiaries.
One Rank One Pension (OROP) Scheme 2023 | |||
Rank | Pension as of 1st January 2016 | Revised Pension w.e.f. 1st July 2019 | Likely Arrears from 1st July 2019 to 30th June 2022 |
Sepoy | 17,699 | 19,726 | 87,000 |
Naik | 18,427 | 21,101 | 1,14,000 |
Havaldar | 20,066 | 21,782 | 70,000 |
Nb Subedar | 24,232 | 26,800 | 1,08,000 |
Sub Major | 33,526 | 37,600 | 1,75,000 |
Major | 61,205 | 68,550 | 3,05,000 |
Lt. Colonel | 84,330 | 95,400 | 4,55,000 |
Colonel | 92,855 | 1,03,700 | 4,42,000 |
Brigadier | 96,555 | 1,08,800 | 5,05,000 |
Maj. General | 99,621 | 1,09,100 | 3,90,000 |
Lt. General | 1,01,515 | 1,12,050 | 4,32,000 |
OROP Arrears Table 2023
It has been informed by a press release that the arrears will be paid in four half-yearly instalments. Apart from this payment mode, the families of retired pensioners, Gallantry award winners, and special pensioners will receive the arrears in a single instalment. It is expected that the approximate expenditure under the One Rank One Pension (OROP) scheme will be around 8,450 crore rupees with 31% Dearness Relief.
On the basis of 17% DR (Dearness Relief) for the period from 1 July 2019 to 30 June 2021, the arrears are estimated to be over INR 19,316 crore with effect from 1 July 2019 to 31 December 2021. The DR (Dearness Relief) is 31% for the time frame of 1 July 2021 to 31 December 2021. Additionally, the expected arrears, with effect from July 1 through June 30, 2022, at the current DR, are INR 23,638 crore.
Frequently Asked Questions
When will the OROP March 2023 instalment will be released/
It will be released by 1 March 2023.
When did OROP come into existence?
It was implemented in 2015.
Will the widows and family members of the pensioners receive a pension under OROP?
Yes, the family members of the late pensioners will receive a pension under the OROP scheme.
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