New formula OROP-3 being announced

Indian Military Veterans

New formula OROP-3 being announced

Sources said that military pensioners will get the benefits of the third OROP revision this month (from July 2024) and the Ministry of Defence will soon release the new tables of OROP-3 with new formulas and some new formulas. A Cabinet note was published just now. The Ministry of Defence is taking a big step to ensure timely delivery of OROP-3 benefits. Military pensioners will definitely get the benefits of OROP3. Pensions will be increased. A big step by Ministry of Defence. As part of OROP3, Ministry of Defence has proposed a new formula for increasing pension.

Yes, friends. Ministry of Defence has allegedly come up with a new formula for OROP3 table. So, as per OROP1 and OROP2 guidelines, the formula adopted by the Government of India is AVERAGE. Folks, the average is not much of a formula. The AVERAGE is used to determine the minimum pension. The maximum pension amount is not set by the authorities.

You will not get the maximum increase. If the Department of Defense adopted a formula other than "average", your pension could be increased significantly. Because below AVERAGE no other formula is used. Average is used for minimum pension and nominal maximum is used for higher increments.

Hence, Ministry of Defence has proposed to base the 3rd OROP revised pension table on the new formula. If this has happened, it is good news for you. This has been sent to the Central Committee of Ministers for approval. The new formula has been submitted to the Central Committee of Ministers for approval. The Cabinet and the Ministers will consider the formula. Can this formula be adopted for OROP3 as well? This will benefit around 3 million retired soldiers and their families.

The Budget is likely to be presented on the 23rd of this month. As you know, the budget will be announced on 23rd. So, the new OROP-3 table may be announced on the day of the budget or after 1-2 days. We will prepare the table. We are expecting a well-prepared table.

Discussions have begun for the implementation of the 3rd amendment and One Rank One Pension-3. It has become known on social media that somewhere tables are being prepared. And these may be published within the next few weeks. The amendments are scheduled to come into force in July 2024. But that date has already passed. The Ministry of Defense has proposed a new formula for this. New formula. This could be important when it comes to pension increase. We have been demanding from the beginning that there should be no average because average is not justified. Pension ceiling should be set for all who are below that ceiling. Let's hope for another formula that could be helpful for all JCO/ORs and officers. This will ensure that pensions are adequately increased and that maximum increases are made.

A lawsuit has been filed seeking the fictitious maximum amount. The hearing is expected to take place around July 22nd. The point here is that JCO/OR pensions should be set based on the fictitious maximum amount. By eliminating the anomaly in the average pension, the new system, if implemented, could bring significant relief to military pensioners.

According to a Tribune news article, the Department of Defense is considering revising ORP3. After the Tribune news was published in the newspapers, a new formula was proposed. This has been submitted to the Central Ministerial Committee for approval. The aim of this formula is to help over three million veterans and their families.

This formula will be discussed at the Prime Ministers' Conference. And an announcement regarding this can be made in the budget or even before it. You know, who is in charge of the whole pension department? Who is monitoring them? Our Prime Minister is monitoring them. So, folks, a new formula has been submitted to the Cabinet. Other Department of Defence officials will also be monitoring the file. You will see the complete ORP3 file. I hope everything goes perfectly fine, and you will see the ORP3 table right away.

The most important thing is that you need to adopt a different formula, because the formula for the average value is not the correct one. Due to this, pensions will hardly increase. As per the formula given by the Ministry of Defence, pensions will be increased. However, the exact formula is yet to be made public. Friends, this news has only appeared in the media now. Confirmation from the Government of India, Ministry of Defence and DESW department is still pending. They have not stated that they will introduce a new formula for awarding ORP3. The Indian government is yet to make an official announcement.

Currently, it is only social media that is claiming that the government may introduce a new formula for ORP3. It may be announced in the Budget to be presented in Parliament on or before July 23, 2024. Guys, as I said earlier, the table has been prepared somewhere. You can see the surrounding tables.

Good news can be received before the budget. This news is a good sign to come before the budget. According to ORP3, the decision to increase the pension can prove a big relief for the  retired soldiers and their families. This step will help to improve the financial situation of the pensioner.

As it has been seen earlier,  pension of JCOs not increased notably in comparison with others. There was no sub substantial increase in their pension. Similarly NCOs are also deprived. Only the good increased seen for the pension of the officers.