The one-member committee would look into steps to be taken to remove anomalies arising out of the implementation of OROP, as notified by the government on November 7, an official statement said.
The committee comprising L. Narasimha Reddy, a retired chief justice of Patna High Court, would take into account the financial impact of its recommendations before spelling out the same within six months.
The committee may submit interim reports to the government before the stipulated time.
The terms of reference of the committee will be to examine measures for the removal of anomalies that may arise in the implementation of the OROP, measures for the removal of anomalies that may arise out of inter-services issues of the three armed forces due to implementation of OROP, implications on service matters and any other matter referred by the central government on implementation of the OROP or related issues.
The committee will devise its own procedure and may call for such information and take such evidence as may be considered necessary.
"The ministries and departments of the government of India shall furnish such information and documents and other assistance as may be required by the committee," the statement said.
Headquartered in Delhi, the committee will be supported by the department of ex-servicemen's welfare under the Defence Ministry.