By In a path-breaking move, the Department of Military Affairs has initiated a twin-move: one to ‘review’–cut down–the pension for those officers choosing premature retirement and also the second to extend the retirement age of officers of the Indian militia.
The issue has come back beneath severe criticism because the pension formula can amendment in an exceedingly manner that might impact the monetary position of these retiring currently. A senior attorney, World Health Organization deals within the subject of jurisprudence, aforementioned “the DMA has no locus standi to change pension formula and it’ll be challenged in court”.
The DMA, headed by General Bipin Rawat, is that the new created entity beneath the Ministry of Defence (MoD) and is tasked for time unit and coordination problems between the military, Navy and also the Indian Air Force (IAF).
A letter sent out by the DMA workplace on Gregorian calendar month twenty nine says a draft of the govt. Sanction Letter (GSL) is being readied by November ten for review by General Rawat, World Health Organization is that the Secretary of the DMA and conjointly the Chief of Defence workers.
This letter proposes to extend the retirement age of Colonels, Brigadiers and Maj Generals to fifty seven years, fifty eight years and fifty nine years, severally. identical can apply to officers of comparable ranks within the Navy and also the IAF. the present retirement age for Colonels, Brigadiers and Maj Generals is fifty four years, fifty six years and fifty eight years, severally.
The core issue is that the pension formula that is currently urged to be in an exceedingly format that will increase the emoluments with years of service.
As per the proposal, an official with 20-25 years of service can get fifty per cent of ‘entitled pension’. the present entitled pension is fifty per cent of the last pay drawn. In different words the pension are halved.
An officer serving for 26-30 years would get sixty per cent of entitled pension; those doing 30-35 years of service can get seventy five per cent of entitled pension. solely those World Health Organization do quite thirty five years of service are entitled for full pension, that’s fifty per cent of the last pay drawn.
A skilled worker noticed that, solely those that get commissioned by twenty two years aged are eligible for full pension once serving for thirty five years as they might retire at Colonel’s at fifty seven years aged.
There has been associate current dialogue on rising pension bill of the MoD since the ‘One rank, one pension’ was enforced. within the current business ending March thirty one, 2021, the pension bill stands at Rs one,33,819 crore, that is twenty eight per cent of the budget of the MoD at Rs four,71,372 crore.
