Pension Rule No.69: Amount Of Pension
69. Amount Of Pension:-
(1) In the case of a railway servant retiring in accordance with the provisions of these rules before completing qualifying service of ten years, the amount of service gratuity shall be calculated at the rate of half month’s emoluments for every completed six-monthly period of service.
(1A) The dearness allowance admissible on the date of retirement shall also be treated as emoluments for the purpose of sub-rule (1).
[Authority: RBE No.97/2013, No.2011/F(E)III/1(1)9, 23.09.2013]
(2) In the case of a railway servant retiring in accordance with the provisions of these rules after completing the qualifying service of not less than ten years, the amount of pension shall be calculated at fifty per cent of emoluments or average emoluments, whichever is more beneficial to him, subject to a minimum of three thousand and five hundred rupees per mensem and a maximum of forty-five thousand rupees per mensem.
(2A) In addition to pension admissible in accordance with the provisions of sub-rule (2), after completion of eighty years of age and above, the additional pension shall be payable to a retired railway servant in the following manner, namely:-
|
Sl. No. |
Age of Pensioner |
Additional Pension |
|
1 |
From 80 years to less than 85 years | 20 % of basic pension |
|
2 |
From 85 years to less than 90 years | 30 % of basic pension |
|
3 |
From 90 years to less than 95 years | 40 % of basic pension |
|
4 |
From 95 years to less than 100 years | 50 % of basic pension |
|
5 |
100 years or more | 100 % of basic pension. |
(3) In calculating the length of qualifying service fraction of a year equal to three months and above shall be treated as a completed one half year and reckoned as qualifying service.
(4) The amount of pension finally determined under sub-rule (2) shall be expressed in whole rupees and where the pension contains a fraction of a rupee it shall be rounded off to the next higher rupee.
[Authority: RBE No.97/2013, No.2011/F(E)III/1(1)9, 23.09.2013]