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MCQ ON #PENSION_PASS Important for LDCE 70 % & 30%

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Pension is payable at 50% of the emoluments drawn for the preceding last ten months at the time of retirement or 50% of last month's Basic Pay whichever is beneficial to the employee. The minimum pension granted to a Railway Servant is Rs. 9,000/- per month. 3.1 Superannuation Pension:-

How much pension does a railway employee get?
Once a Railway Servant has rendered the minimum qualifying service of 20 years, pension shall be 50% of the last emoluments or average emolument received during the last 10 months whichever is beneficial to him. (b) After completion of 10 years service, 50% of last Pay is admissible as Pension.

What is the retirement of railway?
--The date on which a Railway servant attains the age of sixty years, shall be determined with reference to the date of birth as recorded in terms of Rule 225-R.I, read with administrative instructions there under. (b) No Railway servant shall be granted extension in service beyond the age or retirement of 60 years.

Who gives pension to railway employees?
Bandhan Bank has announced that it has been authorised by the Reserve Bank of India (RBI) for the disbursement of pensions through e-PPOs on behalf of the Ministry of Railways. Indian Railways is the largest employer in the country with an employee strength of nearly 12 lakhs.

What are the types of pension in Railways?
TO SANCTION PENSION/FAMILY PENSION THE FOLLOWING DOCUMENTS ARE REQUIRED
Normal/Voluntary Retirement Death
Monthly pension Monthly Family Pension
Commutation of pension Deposit Linked Insurance subject to conditions
Retirement gratuity as per Rule No.70 of Railway Services (Pension) Rules-1993 Death Gratuity
Pass means:- An authority given by Railway to a person permitting him to travel by train freely. PTO means:- An authority issued in favour of a Railway servant to be exchanged for a passenger ticket on payment of 1/3rd of the actual fare.

Who are eligible for railway pass?
➢ Spouse of a railway servant whether earning or not; ➢ Son or sons who have not attained the age of 21 years and are wholly dependent on the railway servant; ➢ Son or sons of the age of 21 and above who are bonafide student ➢ Unmarried daughters of any age whether earning or not; ➢ Widowed daughters provided they are ...

What is first class a pass in railway?
Entitles the holder to travel alone in First AC class or can avail two berths in AC sleeper class. Entitles the holder to travel alone in First AC Class or can avail two berths in AC Sleeper Class. (4) Metal and First 'A' Pass holders Two seats in AC Chair Car. drawing a basic pay of Rs. 3700/- or.