How much does a railway employee get after retirement?

(ii) A Railway Servant who has completed five years qualifying service is granted retirement gratuity equal to 1/4th of his salary for each completed six monthly period of qualifying service subject to a maximum of 16 ½ times the emoluments, provided that the amount of retirement gratuity payable shall, in no case …

What are the retirement benefits for railway employees?

Retirement Benefits applicable to Railway Employees – An Overview of Provident Fund, Gratuity, Commutation of Pension, Leave Encashment, RELHS and more

• Provident Fund (PF)
• Retirement Gratuity.
• Commutation of Pension (Optional)
• Group Insurance (GIS)
• Leave Encashment.
• Composite Transfer Grant.

Are retired Indian Railway officers covered by railway hospitals?

(1) Retired Railway employees covered under RELHS-97 will be provided with full medical facilities as admissible to serving employees in respect of medical treatment, investigations, diet, and reimbursement of claims for treatment in Govt. or recognised non railway hospitals.

How is railway retirement benefits calculated?

Pension- It is calculated at 50\% of average emoluments in all cases where the employee has 33 years of qualifying service, subject to a maximum of Rs. 45,000/- per month. Pension is worked out proportionately, if the qualifying service is less than 33 years.

How is retirement gratuity calculated?

Retirement gratuity is calculated @ 1/4th of a month’s Basic Pay plus Dearness Allowance drawn on the date of retirement for each completed six monthly period of qualifying service. There is no minimum limit for the amount of gratuity.

What is the retirement age in Indian Railways?

(b) No Railway servant shall be granted extension in service beyond the age or retirement of 60 years.

What government employees get after retirement?

A retiring Government servant will be entitled to receive service gratuity (and not pension) if total qualifying service is less than 10 years. Admissible amount is half month’s basic pay last drawn plus DA for each completed 6 monthly period of qualifying service.

What are the benefits of Railway employees?

The Indian Railways pays good salaries to its employees. Along with the basic pay, employees enjoy the benefits of Grade Pay, Dearness Allowance (currently 119\%), Travel Allowance, House Rent Allowance. Other perks include medical care.

Do Railway employees get medical benefits?

A railway employee on leave including LPR is eligible for medical attendance and treatment. Retired railway employees on re-employment in the Railways are entitled to free medical attendance and treatment facilities free of charge as per details given in Section ‘C’ of this chapter.

Who is eligible for Relhs?

Minimum 20 years of qualifying service in the Railways will be necessary for joining the scheme. RELHS is not open to Railway servants who resign from service. Rules are eligible for treatment under RELHS. pay will have to be made at the time of retirement.

What is the Railway pension Scheme?

Pension is a lifelong Retirement Benefit, paid monthly to a Railway Servant on retirement from service. The pension scheme was introduced in 1957 was, however, made compulsory for all the employees appointed on and after 16.11. 1957 in Railway Service.

What is a pension scheme in the Indian Railways?

Pension is a lifelong Retirement Benefit, paid monthly to a Railway Servant on retirement from service. The pension scheme was introduced in 1957 was, however, made compulsory for all the employees appointed on and after 16.11.1957 in Railway Service.

What are the benefits of relhs for retired railway employees?

Retired employees and spouses of deceased retired Railway employees may by paying an amount equal to all monthly contribution due under RECHS from date of retirement to date of joining RELHS in addition to equalised Basic Pay at the time of retirement as per successive pay Commission’s recommendations.

When will the retirement list of railway employees be published?

(i) As per rule 76 of Railway Service (Pension) Rules, 1993, in every six months, i.e. on 1st January and 1st July each year, a list of all Railway Servants who are due to retire within the next twenty four to thirty months of that date will be published.

What is the procedure for sanctioning pension claims in railway?

Claiming Pension Pension claims are processed by the Head of the Department of the Railway employee. Process for sanctioning Pension claims are to be initiated by Head of the Department two years in advance of the retirement of the Railway employee in the prescribed form (Form 7).