The much-awaited ‘One Rank, One Pension’ (ORIP) draft proposal has been prepared. An official announcement may be made anytime soon. There is a division among the Veterans over the “leaked” draft proposal. Not sure whether they would accept the proposal or not.
Key Features of the #OROP Draft Proposal as reported in Media:
* Effective from July 1, 2014
* 2013 will be the Base Year
* 1st Annual Pension Revision after 3 Years.
* Subsequent Annual Pension Revision every 5 Years.