The One Rank One Pension scheme was raised for defense personnel for improving their pension scheme. It implies that a uniform pension must be paid to every personnel retiring in the same rank and with the same length of service. Moreover, this must be implemented regardless of the date of retirement.

The defence forces in India need to retire at early ages as compared to the other departments of the government. The scheme was implemented on 1st July 2014. However, before its implementation, pension was linked to the pay drawn by the personnel. This was according to the pay scale at the time of the retirement of the personnel. The scheme comes with its benefits and drawbacks.

The benefits of One Rank One Pension

This scheme hugely benefits the retired soldiers and families of the martyrs. The pension received is solely on their posts and work and not the date of retirement. Hence, it promotes equality among the pensions of military personnel.

Furthermore, it ensured that pensions increase automatically with every pay commission. This eases the cost of living for the retired personnel. The implementation of the scheme after years of demands illustrated that the government stood with its soldiers.

The drawbacks of the scheme

The implementation of the scheme caused an increase in the cost of pensions. This strained a lot of the government’s treasury. Moreover, since the pension is based on ranks, higher ranks would get paid with higher pensions. This is a drawback since the cost of living of both the personnel, irrespective of ranks, is the same.

Furthermore, increased significance is given to ranks and not years of service. Military personnel who served the nation for longer periods get the same amount of pension.

Nevertheless, one rank one pension is a right of every military personnel who is serving our nation selflessly.

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