Railway employees have a chance till September 30, take advantage of old pension scheme. Indian Railways has given great relief to its employees, who were selected before 01 January 2004 in the railway, but for some reason they could not join and now the railway has given a chance to such employees to join the old pension scheme Have given. The employee will have to apply by 30 September.
Railway employees have a chance till September 30, take advantage of old pension scheme
According to the instructions issued by the Ministry of Railways, such employees or officers who were selected in the railway before 01 January 2004. But they could not join the service, now they will get the benefit of the old pension scheme. In this regard, the Southern Railway has issued instructions.
According to the railway, this opportunity will be available only to those employees or officers whose results and the rest of the recruitment process was completed before 31 December 2003. But he could not join the job. Because those employees will not be able to take advantage of this scheme, who could not join the job due to personal reasons.
The railway said that such employees and officers will get only one chance to go from the new pension scheme to the old pension scheme, which is open till September 30. Those people will get a chance whose joining was delayed due to administrative reasons like delay in education and police verification, some problem in medical, court case and other reasons.
According to the Southern Railway, a form has been issued by the Railways for this facility, which will have to be filled and submitted. Significantly, for the past several years, employees and officials were constantly demanding the old pension scheme.
All the three armies of the country get pension under the old pension scheme. Talking about OPS, pension was made on the basis of the last drone salary in it. With the rise in inflation in OPS, DA (dearness allowance) also increased. When the government implements the new Pay Commission, it also increases the pension.
Significantly, from 01 April 2004, the new pension scheme (NPS) has been implemented. New employees in NPS will not get pension and family pension benefits like old employees at the time of retirement. In this scheme, 10 percent of the salary and dearness allowance is taken from new employees. The same contribution has to be made by the state or central government or the concerned institution.