Friday, October 30, 2009

IESM: Reducing the Pension Disparity is not Pension Parity

Dear Colleagues,
The announcement made by the Government in Jun/ Jul this year in the Parliament, on the enhancement in pension of PBOR, still remains a mere announcement. One sincerely hoped for the increased emoluments of pre 10.10.1997 PBOR to be released before Diwali. That did not happen. Nor is there any indication when the emoluments will be finally released. One may assume that these will come latest by 31 Mar 2010 i.e. within this financial year since a provision of Rs 2144 Crores has been made in this year’s budget. What will be the quantum of increase? This too remains a grey area. The expectation of those dealing with the issue is as under:

Rank (service) Likely new pension
Sep (19) Rs 5,800/-
Naik (24) Rs 6,500/-
Hav (26) Rs 6,500/-
Nb Sub (28) Rs 10,675/-
Sub (28) Rs 11,970/-
Sub Maj (28) Rs 12,285/-

It would be relevant to point out that the above figures as of now are only a deduction from what has been already accorded. Secondly, it is not the expected OROP since these figures do not match the post 1.1.2006 scales.
Best regards,
Lt Gen (Emeritus) Raj Kadyan, PVSM, AVSM, VSM
Chairman IESM

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