Wednesday, March 4, 2020

NPS to Railway Services Pension Rules 1993 Whose appointment was finalized before 01.01.2004 but who joined the Railway Service on or after 01.01.2004

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NPS

RBE No. 28/2020
GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAYA)
(RAILWAY BOARD)

No. D-43/12/2018-F(E)III

New Delhi, Dated : 03.03.2020

The GMs/ Principal Financial Advisors,
All Zonal Railways/ Production Units,
(As per mailing list)

Subject: Coverage under Railway Services (Pension) Rules, 1993, in place of National Pension System, of those Railway employees whose selection for appointment was finalized before 01.01.2004 but who joined Railway service on or after 01.01.2004.

Also check: Good news for NPS employees

A copy of Department of Pension & Pensioners’ Welfare (DOP&PW’s) O.M. No. 57/04/2019-P&PW(B) dated 171 h February, 2020 is enclosed herewith for compliance and guidance. These instructions shall apply mutatis mutandis on the Railways also. Central Civil Services (Pension) Rules, 1972 correspond to the Railway Services (Pension) Rules, 1993. The Department of Economic Affairs, Ministry of Finance’s Notification No. 5n/2003-ECB &PR dated 22.12.2003, mentioned in the DOP&PW’s O.M. dated 17.02.2020, has been circulated on Railways vide this office’s letter No. F(E)III/2003/PN 1/24 dated 31.12.2003.

Also check: Progress of National Pension System by Railway Board Minutes of meetings

Similar to the amendments made in the Central Civil Services (Pension) Rules, 1972 and other connected rules, as mentioned in para 1 of the DOP&PW’s O.M. dated 17.02.2020, the Railway Services (Pension) Rules, 1993 and other connected rules were also amended vide Notification No. F(E)III/ 2003/PN1/38 dated 30.12.2003.

NPS: Additional benefit on death/disability of Government servant covered by NPS

Further, separate instructions with respect to para 9 of the DOP&PW’s O.M. dated 17.02.2020 will be issued by the Accounts Directorate for accountal of the corpus available in the NPS account of the railway servant.
NPS to Railway Services Pension Rules 1993 who joined after Jan 1, 2004


D.A.: as above

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

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