Pension

Commuted portion of pension in respect of Govt. servants who had drawn lumpsum payment on absorption in PSU

Railway Board Letter No

F(E)III/2005/PN1/23 dated 27.01.2010

Date

Wed, 01/27/2010 - 05:30

RBE No

21/2010

Read more about Commuted portion of pension in respect of Govt. servants who had drawn lumpsum payment on absorption in PSU
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Sub: Revision of 1/3rd commuted portion of pension in respect of Govt. servants who had drawn lumpsum payment on absorption in Public Sector Undertakings/Autonomous Bodies – Implementation of Government’s decision on the recommendations of the 6th Central Pay Commission – regarding

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Railway staff Provident Fund Rules

For Railway employees who are posted on or after 01.01.2004 Provident Fund rules are not applicable.
Railway employee contributes 8.5% of Pay + GP to State Railway Provident Fund Account.
The account is maintained by Accounts Department. Each PF account is allotted a specific number.
Voluntary Contribution to PF (VPF) can be made from the salary of a Railway staff subject to the maximum limit that the amount should not be more than the amount remaining after recoveries.