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Why Is The Indian Army Planning To Cut Pension And Increase Retirement Age For Officers

The Indian Army could be planning to reduce the pension for officers seeking premature retirement from service. A recent letter from the Department of Military Affairs has created a flutter on social media platforms.... ( read more ) LEARN MORE ABOUT: Retirement Pension Plans REVEALED: Best Investment During Inflation HOW TO INVEST IN GOLD: Gold IRA Investing HOW TO INVEST IN SILVER: Silver IRA Investing The Indian Army has recently announced its plan to cut the pensions of retired officers and increase the retirement age of those currently serving, in a move to reduce costs and improve operational efficiency. This decision has been taken as a part of the government's ongoing efforts to streamline and optimize the defense budget. The move to reduce pensions of retired officers has been prompted by the steep increase in the number of personnel drawing pension following the implementation of the One Rank One Pension (OROP) scheme. The OROP scheme was...