IREC Rule No.912: Contribution By Government

912. Contribution By Government:-

(1)   The provisions of Rules 914 and 915 shall apply only to staffs appointed before 16th November, 1957, who have not opted for the Pension Scheme introduced on that date no Government contribution is admissible in respect of voluntary subscriptions.

(2)   The Government contribution together with interest thereon, already credited to the Provident Fund of a subscriber who opts for the Pension Scheme; introduced on the 16^th November, 1957 shall revert to the Government on his opting for that schemes.

(3)   At the end of each half-year that is on the 31st March and 30th September a contribution will be made from railway revenue to the account of each subscriber at the rate laid down in Rule 914.

Provided that;

(i)   If a subscriber quits the service otherwise than on resignation or dismissal or dies during a half year, contribution shall be credited to his account for the period between the close of the preceding half year and the date of the casualty;

(ii)    If a subscriber quits the service on resignation or dismissal no contribution shall be credited to his account in respect of the subscription for the half year in which the casualty occurs, but the contribution in respect of any arrears of subscription paid during the half year which the subscriber has been permitted under any of these rules to pay and which relate to a previous complete half year or half years, shall be credited to his account; and

(iii)   Unless otherwise ordered in any particular case by the President, no contribution shall be payable from railway revenues in respect of a period of foreign service, but that portion of the contribution received from the foreign employer, or the subscriber, as the case may be, which is equivalent to contributions creditable under rule 914 shall be credited to the subscriber’s account on the date on which it is received, or the due date whichever is later.

Railway Ministry’s Decision: Retirement on grounds other than those of permanent physical or mental incapacity or attainment of age limit, excepting voluntary retirement with the concurrence of the administration shall be regarded as resignation for the purposes of this rule.

(4)   In the case of those temporary railway servants who subscribe after one year’s Continuous service, the Government contribution to Provident Fund plus interest thereon shall, subject to that may be specifically provided otherwise by the competent authority be credited to the Provident Fund account only on confirmation with retrospective effect from the second year of service. In the case of workshop staff the date of confirmation shall mean the completion of three year’s continuous service.  

Note: Regarding temporary engineers, see State Railway Gratuity Rules.

(5)      In the case of re-employed persons, the Government contribution with interest will be credited only if the total period of re-employment exceeds one year. No protected rate of interest will be admissible in such cases.