1 rank, 1 pension from 1-7-14

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Centre has announced a notification that one rank, one pension will be
implemented with retrospective effect from July 1, 2014 at a cost of
Rs 10,000 crore to benefit the families of 25 lakhs ex-servicemen and
widows of war heroes. But those who opted for VRS will not come under
the purview of latest pension. The new pension is based on 2013
pension. Arrears will be paid in four instalments and a review on
pension will be held every five years. Ex-servicemen movement chairman
Major General Sathbir Singh asserted that government did not accord
proper respect to the ex-servicemen who fought gallantly for the
nation. A section of others welcomed it stating that at least now the
government had met their demand and thanked.

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