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Master Circular No. 60 - Pension and Retirement_Death Gratuity
Master Circular No. 60
Circularstaff-establishment
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| Circular number | Master Circular No. 60 |
|---|---|
| Type | Establishment Master Circular |
| Topic | staff-establishment |
| Archive source | pbtvc.in |
Summary
Pension and Retirement_Death Gratuity. Master Circular compilation sourced from the PBTVC Personnel website; check subsequent Railway Board amendments before use.
Text of the circular
MASTER CIRCULAR Master Circular No. 60 Master Circular on Pension and Retirement/Death Gratuity Part I Part III
In continuation of Master Circular No. 3, Master Circular No. 4 is enclosed with this letter, which brings out instructions issued from time to time relating to Pension and Retirement/Death Gratuity.
2. The circular consists of three parts. Part I deals with the extant provisions regarding eligibility of pension, amount of pension and various classes of pension etc. Part II relates to provisions pertaining to the payment of Death/Retirement gratuity persons to whom gratuity becomes payable and the provision for nomination in favour of a person for receiving the amount of gratuity in case of a death of a railway servant while in service or death after retirement without receiving the gratuity. Part III gives brief details of orders issued from time to time on the subjects of pension and gratuity.
3. Instructions referred to in the circular are both old and those current on the subject. For dealing with old cases, the instructions in force at the relevant time be referred to.
If any circular current on the subject has been omitted, the same should nevertheless be treated as valid to the extent operative.
PART I PENSION
1. Eligibility to Pension and amount of pension:
1.1 Pension is admissible to a permanent railway servant with a minimum of 10 years qualifying service on his quitting service because of either abolition of post or medical invalidation or retirement on completion of 30 years service or superannuation. However, with effect from 1.1.1986, temporary railway servants retiring on superannuation or on being declared permanently incapacitated for further railway service by the appropriate medical authority with 10 years qualifying service shall be eligible for superannuation/invalid pension, retirement gratuity and family pension at the same scale as admissible to permanent employee. Temporary employees on seeking voluntary retirement after completion of 20 years service shall continue to be eligible for pension, retirement gratuity and family pension as per the Scheme of Voluntary retirement.
1.2 Railway servants retiring before completing 33 years qualifying service but after completing 10 years qualifying service, the amount of pension shall be calculated at 50% of the average emoluments and proportionate to the amount of pension for 33 years qualifying service.
[Letter No. PC-IV/Imp/PN/1 dated 15.04.1987 (RBE 90/1987)]
1.3 In the case of a railway servant retiring before completion of 10 years qualifying service, he shall be eligible for service gratuity at the rate of half a month's emoluments for every completed six monthly period of service. Those retiring with 10 years qualifying service or more, pension shall be calculated on the basis of the actual qualifying service and 50% of average emoluments Subject to a minimum of Rs. 375/- and a maximum of Rs. 4500/- per month. ##{W.e.f 1.1.1996, pension shall be subject to a minimum of Rs. 1275/- and a maximum up to 50% of the highest pay in the Government i.e. Rs. 30,000/- p.m.} [Letter No. F(E)III/97/PN1/22 dated
5.11.1997 (RBE 142/1997) and 23.10.1998 (RBE 242/1998)] ## Added vide Railway Board's letter No. F(E)III/2000/Master Circular/Revision dated 10.3.2000 (RBE 41/2000).
[Letter No. F(E)50/RT 1/6 dated
16.11.1957 & PC-IV/Imp/PN/1 dated 15.04.1987 (RBE 90/1987)]
1.4 In calculating the length of qualifying service, fraction of a year equal to three months and above shall be treated as completed one half year and reckoned as qualifying service.
(Letter No. F(E)III 79 PN1/10 dated 25.08.1963)
1.5 The amount of pension finally determined shall be expressed in whole rupee and where the Pension contains a fraction of a rupee, it shall be rounded off to the next higher rupee.
(Letter No. F(P)66 PN1/33 dated 07.04.1966)
2. Classes of Pension:
The various classes of pension are as under :-
2.1 Superannuation pension Superannuation pension shal
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