Payment of lump sum compensation to employees covered under NPS: Railway Board RBE No. 10/2021

Payment of lump sum compensation to employees covered under NPS on retention in Railway service in spite of disablement attributable to Railway service in accordance with Rule 10(3) of the Railway Services (Pension Rules, 1993

R.B.E. No. 10/2021

GOVERNMENT OF INDIA
MINISTRY OF RAILWAYS
RAILWAY BOARD

No. D-43/4/2018-F(E)III

New Delhi. dated: 19.02.2021.

The General Managers/Principal Financial Advisors,
All Zonal Railways/Production Units.

Sub:- Payment of lump sum compensation to employees covered under NPS on retention in Railway service in spite of disablement attributable to Railway service in accordance with Rule 10(3) of the Railway Services (Pension) Rules, 1993 – regarding.

A copy of Department of Pension & Pensioners’ Welfare (DOP&PW)’s O.M. no. 01.03.2019- P&PW(F) dated 01.01.2021 is enclosed for information and guidance. These instructions shall apply mutatis mutandis on the Railways also. The Central Civil Services (Pension) Rules, 1972 and the Central Civil Services (Extra Ordinary Pension) Rules, 1939 correspond to the Railwa Services (Pension) Rules, 1993 and the Railway Services (Extra Ordinary Pension) Rules. 1993 respectively.

2. The Railway Board’s instructions/Railway Services (Extraordinary Pension) Rules, 1993 corresponding to DOP&PW’s instructions/CCS (Extraordinary Pension) Rules, 1939 refered to in their aforesaid O.M. dated 01.01.2021 are given below:-

7th Pay Commission Option, Pay Anomaly, Pay Upgradation, MTS Promotional Avenues, NPS, MACP and more discussed in meeting of Standing Committee Meeting held on 26/02/2021

Old Pension Scheme for central government employees! See Finance Ministry’s reply on OPS, NPS

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

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