Payment of a lump-sum payment to railway workers covered by the National Pension System (NPS) if they stay on the job.
Lump-sum compensation to railway employees
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 the 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 Railway 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 referred to in their aforesaid O.M. dated 01.01.2021 are given below:-
DOP&PW’s instructions/ Central Civil Services (Extraordinary Pension) Rules, 1939