RBE No. 41/2017: Pension – Voluntary Retirement – Commutation of Pension – Rule 67 – RS(Pension) Rules – Clarification

No.2016/F(E)III/1(1)8, dated 25.04.2017

Sub: Clarification regarding commutation of a part of pension on retirement under Rule 67 of Railway Services (Pension) Rules, 1993.

1. In terms of Rule 67 of the Railway Services (Pension) Rules, 1993, at any time after a railway servant has completed twenty years qualifying service, he may, by giving notice of not less than three months in writing to the Appointing Authority retire from service. However, if the Appointing Authority is satisfied that the curtailment of the period of notice will not cause any administrative inconvenience, the Appointing Authority may relax the requirement of notice of three months on the condition that railway servant shall not apply for commutation of a part of his pension before the expiry of the notice period of three months.
2. Recently, in a case it has been observed that this Rule does not cater to the situation where superannuation is due within three months notice period. Notice period cannot go beyond the date of Superannuation.
3. The matter has been considered by Board (FC), it is clarified that whenever the officer employee has more than three month service at the time of seeking retirement under Rule 67, the commutation will be payable after three months but where normal superannuation is within the notice period of three months, the date of superannuation will be the date to apply for commutation of a part of pension subject to fulfillment of all other condition is specified in this regard in the Railway Service (Commutation Of Pension) Rules, 1993.

Download Railway Board Circular RBE No. 41/2017

Forward reference⇒RBE No.