President: P.Manohar Reddy 9246362989 Working President: M.Yadagiri Reddy 9490150023 General Secretary:P.Vigneshwar Raju 9849313988 Advisers: M.Nageswar Reddy G.Narsimha Reddy Vice Presidents: K.Raji Reddy K.Pradeep Reddy Org. Secretary: Banda srinivas Joint Secretaries: G.Nageshwar Rao B.Anjaneyulu Treasurer: S.Nageshwar Rao PROs: N.Jagadiswar SVN Reddy Cultural Secretaries: S.Nagarjuna Shafee Ahemed Executive Members: M.Narsimha Reddy Md.Abdul Bhari K.Mahender Reddy T.Mohan Rao A.Ramesh M.Hanmanth Reddy T.Laxman Gopal Das G.Vasudeva Rao E.Prabhakar Reddy M.Narsimhulu K.Malla Reddy Mrs.Udayasri ***

Sunday, 1 March 2015

One Rank, One Pension stuck between Services and Defence Ministry

One Rank One Pension, Arun Jaitley, Finance Ministry, Armed Services, Defence Ministry, Union Budget 2015

Finance Minister Arun Jaitley arrives in Parliament to present the annual budget 2015-16 in New Delhi on Saturday. (Source: PTI)
By: Press Trust of India | New Delhi | February 28, 2015 5:01 pm
Reinstating government’s commitment on implementing the ‘One Rank, One Pension’ policy, Finance Minister Arun Jaitley on Saturday said the issue is pending as the method of calculating pension is stuck between the Armed Services and the Defence Ministry.
“I have already in the last Budget said that we are going to implement ‘One Rank, One Pension’. This need not be stated on every occasion. We are completely committed to it,” Jaitley told reporters here when asked about the delay in launching the scheme.
As and when that idea is formulated, not only it should be implemented, it will be implemented, he added.Explaining the reasons behind the delay, the Minister said: “The methodology of calculating the One Rank, One Pension is an issue pending between the Services and the Defence Ministry.”
“You may only notice that I have today, despite the squeeze, increased the allocation for Defence by almost Rs 25,000 crore,” Jaitley said.
Last month, Defence Minister Manohar Parrikar had said that ‘One rank, One pension’ scheme will be rolled out soon.
The scheme, which 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, has been a long-standing demand of the over two million ex-servicemen in the country.

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Salary hike to MPs, One Rank, One Pension