IMPORTANT QUESTIONS ON One rank One pension Scheme for IBPS RRB exam 2015
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IMPORTANT QUESTIONS ON One rank One pension for IBPS RRB exam 2015
IMPORTANT QUESTIONS ON “OROP” for IBPS RRB exam 2015
Abbreviate the term “OROP”
One Rank, One Pension
What is “OROP”?
It means In every years, the gap between rate will be bridged of pension of current pensioners and past under pensioners
From which date OROP will be effective?
July 1 2014
What is the estimated cost of OROP implementation and expenditure on arrears?
The estimated cost of OROP implementation to the exchequer- Rs. 8,000 to Rs. 10,000 crore. Expenditure on arrears- Rs. 10,000 to Rs. 12,000 crore.
In how many years Pension will be re fixed?
OROP will be re fixed on the basis of which calendar year?
The new pension structure will apply to which ex-servicemen category?
The new pension structure will apply to personnel who have already retired prematurely and not to those who voluntarily retired. Those taking voluntary retirement due to injuries will be protected.
According to the new pension scheme how this arrears will be paid?
Arrears will be paid in four half-yearly installments. All widows, including war widows, will be paid arrears in one installment.
A one-member judicial committee will be formed with a Supreme Court judge to look into the unsorted issues of OROP, and give a report in six months.
See here One rank one pension news, OROP latest news
Read the detailed history of ONE RANK ONE PENSION here
One Rank One Pension Projected OROP Table PBOR
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