OROP Latest News Today: PM Narendra Modi hails 5 years of One Rank One Pension scheme, calls decision historic

OROP Latest News Today 2020: PM Narendra Modi today greeted armed forces veterans on the fifth anniversary of BJP-led NDA government's decision to implement OROP. Prime Minister Modi on Saturday said the One Rank One Pension scheme (OROP) was a historic step to ensure the well-being of soldiers.

PM Modi took to Twitter today to post this message, "Today, 5 years ago, India took a historic step towards ensuring the well-being of our great soldiers, who courageously protect our nation. #5YearsOfOROP is a momentous occasion. India waited for OROP for decades. I salute our veterans for their remarkable service!"

What is OROP?
OROP is aimed at ensuring uniform pensions for veterans retiring in the same rank with the same length of service irrespective of when they retire. It brought considerable benefits to soldiers on retirment and put to rest the various demands they had been making over the years. The outgo in terms of expenditure on this scheme has been heavy on the national exchequer.

What is Expenditure on OROP

According to the government, under the OROP scheme over Rs 10,795.4 crore were distributed among 20.60 lakh ex-servicemen and their family pensioners as arrears with a yearly recurring expenditure of about Rs 7,123.38 crore.

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PM Modi also posted highlights of the decision released by the defence ministry.