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| Circular number | No. 2024/F(E)IN/NPS1/10 |
|---|---|
| Date | 2024-12-24 |
| Type | Commercial Circular |
| Topic | general |
| Currency | Currency not verified |
Entitlement on resignation from railway service in respect of railway servant covered under the National Pension System -reg The New Pension Scheme (now called as National Pension System(NPS)) was
RBE No./\3/2024 GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAY) (RAILWAY BOARD) No. 2024/F(E)IN/NPS1/10 New Delhi, dated:24.12.2024. The General Managers/Principal Financial Advisers, All Zonal Railways/Production Units etc., OGs of RDSO and NAIR. Subject: Entitlement on resignation from railway service in respect of railway servant covered under the National Pension System -reg. eee The New Pension Scheme (now called as National Pension System(NPS)) was introduced vide Ministry of Finance, Department of Economic Affairs’ notification No. 5/7/2003- ECB & PR dated 22.12.2003. It was provided that the NPS would be mandatory for all new recruits to the Central Government service from 1° of January, 2004 except Armed Forces. The same was adopted on Railways vide Board's letter No. F(E)III/2003/PN1/24 dated 31.12.2003 2 On resignation from a service or a post, unless it is allowed to be withdrawn in the public interest by the appointing authority, the lump sum and the annuity out of the Subscriber's accumulated pension corpus shall be paid to him in accordance with the regulations notified by the Authority as admissible in the case of exit of a Subscriber from the National Pension System before superannuation 3. Such payment of lump sum withdrawal and annuity shall not be made before the expiry of a period of ninety days from the date on which the resignation becomes effective and the Subscriber is relieved of his duty 4 However, if the Subscriber dies before the expiry of a period of ninety days from the date on which the resignation becomes effective, the payment shall be made to the person eligible to receive such payment immediately in accordance with the regulations notified by the Pension Fund Regulatory and Development Authority (PFRDA) as admissible in the case of exit of a Subscriber from the National Pension System before superannuation. 5 The railway servant on his resignation from service, at his option, may continue to subscribe to the National Pension System with the same Permanent Retirement Account Number, as a non-Government subscriber in accordance with the regulations notified by Gis Qudesens (G. Priya Sudarsani) Director, Finance (Estt.) Railway Board No. 2024/F(E)IIINPS1/10 New Delhi, dated: 24.12.2024. Copy to:- Deputy Comptroller and Auditor General of India (Railways), Room No. 224, Rail Bhawan, New Delhi For Member Finance, Railway Board No. 2024/F(E)IIUNPS 1/10 New Delhi, dated:24.12.2024. Copy to:- 4. The General Secretary. NFIR, Room No. 256-E, Rail Bhawan, New Delhi 2 The General Secretary, AIRF, Room No. 253, Rail Bhawan, New Delhi. 3. The Members of the National Council, Departmental Council and Secretary Staff Side, National Council, 13-C, Feroz Shah Road, New Delhi. 4. The Secretary General, FROA, Room No. 256-A, Rail Bhawan, New Delhi. 5. The Secretary General, IRPOF, Room No. 268, Rail Bhawan, New Delhi. 6. The Secretary, RBSS, Group ‘A’ Officers Association, Rail Bhawan. 7. The Secretary, RBSS, Group ‘B’ Officers Association 8. The General Secretary, RBSSSA, Room No. 451-A, Rail Bhawan, New Delhi. 9. The Secretary, Railway Board Ministerial Staff Association. 40. The Secretary, Railway Board Class IV staff Association. 41. The General Secretary, All India SC/ST Railway Employees Association, Room No. 7. Rail Bhawan, New Delhi 12. The General Secretary, All India O.B.C. Railway Employees Federation (AIOBCREF), Room No.48, Rail Bhawan ra LS पी For Principal Executive Director (IR), Railway Board. No. 2024/F(E)IIUNPS1/10 New Delhi, dated: 24.12.2024. Copy to:- Adv. to MR, EDPG to MR. OSD to MR, OSD (Co-ord) to MR, PS to MoSR(D), EDPG to MoSR(D), PS to MoSR(J). EDPG to MoSR(J), DPG to MoSR(J). PSOs/Sr PPSs/PPSs to CRB, MF. M/O&BD, M/infra, M/TRS, Secretary/RB. DG/HR, DG/Safety DG(RHS) DG(RPF) All Addi. Members, PEDs, All EDs, JSs Pay & Accounts Officer, M/o Railways (Railway Board) No. 2024/F(E)IIWNPS1/10 New Delhi, dated:24.12.2024. 1. The DGs. IR
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