IREC Rule No.914: Rate Of Government Contribution
914. Rate Of Government Contribution:-
The contribution from Railway revenues under Rule 912 subject to the limitations laid down therein shall, be equal to the subscriptions paid by the compulsory/optional subscriber under Rule 909 or what would have been paid if the whole or any part of the subscriptions had not been utilized under Rule 927 or the payment of the premium on a policy of life insurance during the half year or period, as the case may be;
Provided that if it appears at any time to the President that the contributions made to the accounts of subscribers together with interest, thereon and in the case of subscribers joining railway service on or after the 1st April, 1938, together with the specia1 contribution under Rule 915, is generally in excess of the value of pension admissible to those subscribers if their service had been pensionable the President may direct that the contribution shall be reduced to such proportion of the subscriptions as he thinks fit.