‘One-rank one-pension’ scheme before next budget: Parrikar

Defence Minister Manohar Parrikar on Friday said that ‘one-rank one-pension’ policy would be implemented in the defence forces before the next budget. “One-man one-pension policy will be implemented. We are right now working on its detailing,” Parrikar said. The implementation has lot of financial implications which are being worked out, he said. “It has lot of financial implications. Details would be available only once we work it out,” Parrikar said. ‘One-rank, one-pension’ policy means soldiers of the same rank and same length of service get the same pension irrespective of their retirement date.