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IMPORTANT QUESTIONS ON One rank One pension for IBPS RRB exam 2015

IMPORTANT QUESTIONS ON One rank One pension Scheme for IBPS RRB exam 2015

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How are you? we are again here to inform you about IBPS RRB exam. We  at SeeResult.in is going to provide a set of 10 most important GK questions for IBPS RRB exam. By analyzing these questions you will be confident in your upcoming IBPS RRB exam going to be held on 12 September, 13 September, 19 September, 20 September, 27 September, 28 September.

Are you searching for One rank One pension scheme news? In this post we are providing a detailed Latest news on One rank one pension, A detailed history on One Rank One pension.

IMPORTANT QUESTIONS ON One rank One pension for IBPS RRB exam 2015

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?

five years

OROP will be re fixed on the basis of which calendar year?

2013

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.

Study material on 7th pay commission

OROP Scheme

See here One rank one pension news, OROP latest news

IMPORTANT QUESTIONS ON "One rank One pension" for IBPS RRB exam 2015

Read the detailed history of ONE RANK ONE PENSION here

One Rank One Pension Projected OROP Table PBOR

IMPORTANT QUESTIONS ON "One rank One pension" for IBPS RRB exam 2015

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