Modi government announces OROP: Six things to know about 'One Rank One Pension'

By ECONOMICTIMES.COM | 5 Sep, 2015, 06.40PM IST

NEW DELHI: Ending a four decade long wait of veterans, Prime Minister Narendra  Modi-led NDA government on  Saturday announced the 'One Rank One Pension' scheme for ex-servicemen. 

"In simple terms, OROP implies that  uniform pension be paid to the Armed  Forces personnel retiring in the same rank with the same length of service,  regardless of their date of retirement. Future enhancements in the rates of  pension would be automatically passed on to the past pensioners. This implies bridging the gap between the rate of pension of current and past  pensioners at periodic intervals," said Defence Minister Manohar Parrikar while making the announcement. 

"Under this definition, it has been decided that the gap between rate of pension  of current pensioners and past pensioners will be bridged every 5 years," he  said. We take a look at six salient features of the OROP scheme, as announced by  Parrikar: 

BONUS CEILING WILL BE INCREASED SOON - SOURCE NEWS

Ministry of Labour and employment assured that Bonus Ceiling will be increased soon

One of the major issue in the Charter of Demands is “Removal of all ceilings on payment and eligibility of bonus, provident fund; increase the quantum of gratuity”. In pursuance of which, Over 11 lakh workers and 15,000 unions participated in the countrywide general strike called by 10 central trade unions on Wednesday. Now the letter received from Ministry of Labour and Employment by General Secretary , BMS has brought some cheer for Central Government Employees.

The Secretary to Govt of India, Ministry of Labour and Employment informed in this letter dated 28-8-2015, that the Government is considering to revise calculation ceiling for Bonus from the present level of Rs.3500/- per month to Rs.7000/- per month or the Minimum wages for the scheduled employment as fixed by the appropriate Government, whichever is higher. Minimum wages have not been fixed yet, however, the minimum wage will be fixed at a level which is respectable.

Further he told that Under the circumstances, on an average the calculation ceiling for the purpose would be Rs.10000 per month .

SB ORDER 10/2015 IMPLEMENTATION OF PMJJBY AND PMSBY SCHEMES IN CBS POST OFFICES

• The Hon’ble Prime Minister of India has launched Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) and Atal Pension Yojana . Both the PMSBY and PMJJBY schemes are to be implemented from 07-09-2015 in all the Post Offices which are on CBS platform and the commencement of Atal Pension Yojana will be intimated shortly.
• SO order 10/2015 deals with the implementation of PMJJBY and PMSBY schemes.
• Software solution for accepting premium under both the schemes is being deployed in Finacle application and it is availablr from 07th september 2015 in all CBS Sos/HOs.
• For these schemes Date of Birth, Gender and Nominaton are mandatory if these details are not updated then invoke the menu CMRC and modify the said details.
• For enrollment of PMJJBY and PMSBY schemes a new menu is introduced in the DOP Finacle application i,e, CPMY.
• Premium for these schemes should be transferred from POSB account only i..e, when we enter the account number in CPMY menu then system will automatically debit the premium amount( Rs 330 for PMJJBY and Rs 12 for PMSBY) from SB account.

02.09.15 STRIKE IS DILUTED SINCE POSTMASTER CADRE IS NOT PARTICIPATED IN THE STRIKE

CONGRATULATIONS TO THE POSTMASTERS.

WITHOUT OUR CONTRIBUTION NOTHING CAN BE GRAND SUCCESS 

AIAPC is not going to participate in the one day strike on 2nd September 2015 called by Trade Unions

SEVENTH PAY COMMISSION MAY RECOMMEND PERMANENT PAY PANEL

New Delhi: The Seventh Pay Commission is likely to recommend the government to form a permanent pay panel to give recommendations to the government from time to time on issues pertaining to pay structure of central government employees.

The permanent pay panel would recommend regular salary hikes in keeping with the rate of inflation.

The formation of the permanent pay panel would help raise the salaries and allowances of central government officials and employees, an official of the pay panel said.

Report of Seventh Pay commission might be submitted by second week of September 2015

The Hindi daily Dainik Baskar quoted in its report published on 22.8.2015 about report of Seventh pay commission that the pay commission report will be submitted by second week of September 2015,

According to its report the Seventh Pay Commission report to be submitted to the government will be examined by  the senior CoS, which will take two months. Then it will be submitted to the Ministry of Finance, which will be  implemented from 1st  January, 2016,

According to sources the fitment formula 2.86 would be recommended by 7th pay commission.

The report published in Hindi is given below…

The next date of hearing of our W P No 6895/2015 is on 28/08/2015. We all are eagerly waiting for that day.

The Hindi daily Dainik Baskar quoted in its report published on 22.8.2015 about report of Seventh pay commission that the pay commission report will be submitted by second week of September 2015,

According to its report the Seventh Pay Commission report to be submitted to the government will be examined by  the senior CoS, which will take two months. Then it will be submitted to the Ministry of Finance, which will be  implemented from 1st  January, 2016,

According to sources the fitment formula 2.86 would be recommended by 7th pay commission.

The report published in Hindi is given below…

HSG II PROMOTIONS FROM LSG ACCOUNTANT RELEASED IN TAMILNADU CIRCLE

The next date of hearing of our W P No 6895/2015 is on 28/08/2015. We all are eagerly waiting for that day.