New Delhi, Feb 24: The Government has accepted the 'One Rank, One Pension' scheme for the armed forces and the same will be put in place once the modalities regarding its implementation are approved, the Rajya Sabha was told today.
"The principle of One Rank, One Pension for the armed forces has been accepted by the Government. The modalities for implementation have been discussed with various stake holders and are presently under consideration of the Government, " Defence Minister Manohar Parrikar said.
The Scheme will be implemented once the modalities are approved by the Government, the minister added. Parrikar had early this month said that 'One rank, One pension' scheme will be rolled out soon.
The scheme, which seeks to ensure that a uniform pension is paid to defence personnel who retire at the same rank with the same length of service, irrespective of their date of retirement, has been a long-standing demand of the over two million ex-servicemen in the country.