New Delhi: Finance Minister Arun Jaitley on Saturday said government’s OROP (One Rank One Pension) formula for retired defence personnel has been accepted by most associations and only a small section had some issues on it.
“The government has already announced its decision. Most personnel in their (defence) organisations have accepted that. If one faction or the other have reservations, I think it’s for all of you to sit together and decide …within the organisation itself. The mainstream organisations personally met me and thanked the government that their long-standing demand has been accepted,” he said.
The Minister was responding to a question on the implementation of OROP at ‘Aaj Tak Agenda’ programme.
As approved by the government in September, the OROP will be implemented from July 2014 and arrears alone would cost the exchequer about Rs 10,000-12,000 crore.
Inputs with PTI