Why OROP is a key demand for L1-18 employees
Headline by Prism · from 1 report
Employee organizations are requesting the 8th Pay Commission extend the One Rank, One Pension (OROP) scheme to all central government civilian employees.
The Economic TimesThe brief
Written by software from the 1 report below.
- Employee and pensioner groups are calling for the One Rank, One Pension (OROP) scheme to be expanded to include all civilian central government staff.
- The current system provides uniform pension benefits to armed forces personnel and certain judicial officials regardless of retirement date.
- Organizations argue that this change would eliminate pension disparities that currently exist due to differences in pay commission regimes.
- Implementing this policy could significantly alter how pension amounts are calculated for retired civilian workers.
Who said what
2 quotes · 1 outlet
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Manjeet Singh Patel
President
1 quote · 1 outlet
“pension disparity is vast despite pensioners who retired years ago getting pay commission pension revision benefits.”
In the article
…the pensions of central government civil employees retired from the same designation at different times. Manjeet Singh Patel, President, All India New Pension Scheme Employees’ Federation, told ET Wealth Online that pension disparity is vast despite pensioners who retired years ago getting pay commission pension revision benefits. Also Read: Retiring with Rs 1 crore corpus: Will it be sufficient to get Rs 70,000 monthly for 25 years? The OROP is limited to pensioners who get their pension under the Old Pension Scheme (OPS). What is the one rank,…
C Srikumar
1 quote · 1 outlet
“The 5th Pay Commission recommended that the pension of pre-1986 retirees should be updated through notional fixation of pay as on January 1, 1986, applying the formula applicable to serving employees. It also recommended that the consolidated pension should not be less than 50% of the minimum pay of the revised scale of the post held at the time of retirement.”
In the article
…8 employees get Rs 1.52 lakh/month gross salary in 8th CPC? Have past pay commissions also addressed the pension disparity issue? Sharing the history of past pay commissions’ views on pension disparity, Srikumar says, “ The 5th Pay Commission recommended that the pension of pre-1986 retirees should be updated through notional fixation of pay as on January 1, 1986, applying the formula applicable to serving employees. It also recommended that the consolidated pension should not be less than 50% of the minimum pay of the revised scale of the post held at the time of retirement. ” The 7th Pay Commission also recognised the importance of pension parity from the perspective of inter-temporal equity and referred to the objective of progressively bridging the gap between past and future pensioners,…
Coverage
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All filed from India
NamedIndia · 8th Pay Commission · All India Defence Employees Federation · All India New Pension Scheme Employees Federation · C Srikumar · Government of India · Manjeet Singh Patel
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