No 'one rank one pension' for ex-servicemen, say sources

New Delhi: In what is likely to be a big disappointment for the ex-servicemen community, the PM-appointed pay panel is unlikely to recommend One Rank One Pension.

Sources have told CNN-IBN that the panel led by the Cabinet Secretary is keen to push for the concept of modified parity, which means new pay grades will be fixed specifically for pension purposes.

It is likely to agree on common pay scales for Junior Commissioned Officers and ORs, enhancement of widow pension, and a green signal for Non-Functional upgradation to commissioned officers.

Sources say that the PM-appointed pay panel is keen to push for modified parity, which means new pay grades will be fixed.

The three service chiefs have already held discussions with the pay panel members. The three service chiefs had written to the Cabinet Secretary about the absence of a military representative on the panel, follwing which the Committee of Secretaries held discussions with the three service chiefs earlier this week.

The panel is likely to take a few more days before sending its final recommendations.

(For updates you can share with your friends, follow IBNLive on Facebook, Twitter, Google+ and Pinterest)