Karnik, a recipient of the Vir Chakra--third highest award for gallantry, resorted to the boycott even as Navy chief Admiral R K Dhowan advised ex-servicemen to be "patient" on the long-pending demand for OROP, saying that the government was seized of the matter.
While saying that Parrikar had good intentions on the OROP issue, Karnik blamed the bureaucracy for dragging the matter to the disappointment of lakhs of ex-service personnel across the country.
He also said he was not attending a gallantry award function in Pune that was addressed by Parrikar.
Admiral Dhowan stressed that OROP has been a "priority area" and the issue has been taken up with the Defence Ministry.
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"We look forward to that announcement," he told reporters in Delhi.
"The Ministry of Defence is very much seized of the problem. To the best of my knowledge, a lot of progress has been made on the OROP. It is up to the government to take a final decision on it," he said.
The scheme is estimated to cost around Rs 8,600 crore initially and subsequently several crore rupees annually.
Currently, all pre 2006 (the year the 6th pay panel recommendations became effective) pensioners receive lesser pension than not only their counterparts but also their juniors.