7th Pay Commission latest news today: Modi government makes big announcement about pension of 20.6 lakh ex-servicemen
7th Pay Commission latest news today: Central government has given an important news concerning pension of 20.6 lakh veterans of the armed forces in the Indian Army.
The government informed that under One Rank One Pension (OROP) scheme, the government has spent Rs 42,700 crore on these ex-servicemen. The information was shared by Defense Ministry on Friday.
"The yearly recurring expenditure on account of OROP is about Rs 7,123.38 crores and for about six years starting from 01.07.2014, the total recurring expenditure worked out to approximately Rs. 42,740.28 crore. OROP beneficiaries also got the benefit of fixation of pension under 7th CPC while calculating the pension by a multiplication factor of 2.57," said Ministry of Defence in a statement. Source: PTI