Pension Scheme on Railways and Retirement Benefits on absorption in Public Sector Undertakings/Autonomous Bodies: Master Circular – RBE No. 18/2021

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Pension Scheme on Railways and Retirement Benefits on absorption in Public Sector Undertakings/Autonomous Bodies: Master Circular – RBE No. 18/2021

Pension Scheme on Railways and Retirement Benefits on absorption in Public Sector Undertakings/Autonomous Bodies: Master Circular - RBE No. 18/2021 G

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Pension Scheme on Railways and Retirement Benefits on absorption in Public Sector Undertakings/Autonomous Bodies: Master Circular – RBE No. 18/2021

GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY O RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)

M.C. No. 53(2021)
RBE No. 18/2021

No. D-43/14/2019-F(E)III

New Delhi, dated:10.03.2021.

The General Managers,
All Indian Railways, Production Units,
Metro Railway, Calcutta and others.

Sub: Pension Scheme on Railways and Retirement Benefits on absorption in Public Sector Undertakings/Autonomous Bodies.

Please find enclosed herewith a copy of Master Circular No. 53 regarding Pension and Retirement Death Gratuity for Railway Servants for information and necessary action.

(G.Priya Sudarsani),
Director, Finance (Estt.),
Railway Board.

DA: as above.


GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY O RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)

M.C. No. 53(2021)
RBE No. 18 2021

No. D-43/14/2019-F(E)III

New Delhi, dated: 10.03.2021.

To

The General Managers,
All Indian Railways, Production Units,
Metro Railway, Calcutta and others.

Pension rules are incorporated in the Indian Railway Establishment Code Vol. II (1985 edition) and the Manual of Railway Pension Rules (1993 edition). The manual embodies pension rules and orders as were issued from time to time in a self contained and readily understandable form. The manual however has not been updated after 1993 and during this period, large number of provisions have either become obsolete or have been Substantially modified by issue of numerous orders. In view of this, a need has been felt for compiling some of the important instructions for the guidance of the staff dealing with the Pension work in the form of Master Circulars.

2. ‘Master Circular – enclosed with this letter brings out instructions on the following Subjects.

1. Introduction of Pension Scheme on Railways and Pension options for the Railway employees who were governed by the PF Rules. Part A
2. General Rules on pensionary matters. Part B
3. Retirement benefits for the Railway employees permanently absorbed in Public Sector Undertakings. Part C
4. Guidelines for timely payment of retirement dues to the retiring employee and the families of the employee and the families of the Employee who die while in service. Part D

3. The instructions contained in the Original circulars referred to have Only prospective effect from the date of issue unless indicated otherwise in the concerned circular. For dealing with old Cases, the instructions in force at the relevant time should be referred to.

4. If any circular current on the subject has been lost Sight of, the same Should not be ignored and should be treated as valid and operative. References to the orders on the basis Of which the above chapters have been framed are indicated against each item of the chapter.

Sd/-
(G.Priya Sudarsani),
Director, Finance (Estt.),
Railway Board.

pension-scheme-on-railways-and-retirement-benefits-on-absorption

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