Based on the OM issued for the Central Government Employees, the Railway Board has issued a order stating the Railway personnel who were appointed for positions/vacancies advertised / notified on or before December 22, 2003 will be given an option for switching from NPS to Old Pension Schene.
RBE No 41/2023
GOVERNMENT OF INDIA (BHARAT SARKAR)
MINISTRY OF RAILWAYS (RAIL MANTRALAY)
New Delhi, dated: 10-03.2023.
The General Managers/Principal Financial Advisers,
All Zonal Railways/Production Units etc.,
DGs of RDSO and NAIR.
A copy of Department of Pension & Pensioners’ Welfare (DoP&PW’s) O.M. No. 57/05/2021-P&PW(B) dated 03rd March, 2023 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 Notification No. 5/7/2003-ECB & PR, dated 22.12.2003, mentioned in DoP&PW’s O.M. dated 03.03.2023 has been circulated vide this office letter No. F(E)III/2003/PN1/24, dated 31.12.2003.
2. 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 03.03.2023, the Railway Services (Pension) Rules, 1993 and other connected rules were also amended vide Notification No. F(E)IN/2003/PN1/38 dated 30.12.2003. Further, DoP&PW’s O.M. No. 57/04/2019-P&PVW/(B) dated 17.02.2020 was circulated to all Zonal Railways/PUs vide letter of even number dated 03.03.2020.
3. The Railway servants who exercise option in terms of DoP&PW’s O.M. dated 03.03.2023 to switch over to the pension scheme under Railway Services (Pension) Rules 1993, shall be required to subscribe to the State Railway Provident Fund (SRPF). As regards accountal of the corpus in the NPS account of the Railway servant, the instructions issued vide Board’s letter No. 2020/AC-II/21/7, dated 18.09.2020, may be followed.
D.A.: as above
Deputy Director, Finance(Estt.)-III
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