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The Railway Ministry has directed all 17 zones to urgently inform workers about their decisions beneath the model new Unified Pension Scheme. In a spherical dated May 21, the ministry confused the need for clear and proactive communication and known as for facilitation camps to assist staff with queries.
New Delhi:
The Railway Ministry has directed all 17 zonal railways to promptly and efficiently inform their staff regarding the decisions accessible beneath the Unified Pension Scheme (UPS). In a written communication to the Principal Chief Personnel Officers, the ministry emphasised the need for fast and proactive measures to disseminate clear, appropriate, and full information referring to the UPS. “It is essential that employees are well-informed and supported in making their decisions,” the letter well-known.
To facilitate this, the ministry has instructed zones to organise facilitation camps all through assorted locations. These camps are to be staffed with personnel from human belongings, finance, and topic materials consultants to data workers, cope with their concerns, and assist with the registration course of. The ministry moreover mandated that zones preserve detailed information of these camps, along with dates, locations, number of attendees, and the number of workers who achieved their registration.
The Unified Pension Scheme, launched by the Union authorities, presents a assured pension and is on the market to new recruits and present workers who wish to select out of the National Pension System (NPS).
Key choices of the Unified Pension Scheme (UPS):
Assured Pension: Employees with on the very least 25 years of qualifying service will acquire 50% of the widespread main pay (of the ultimate 12 months) as a month-to-month pension. Minimum Guaranteed Pension: Rs 10,000 per 30 days for these with on the very least 10 years of service. Lump Sum Retirement Benefit: A lump sum equal to 10% of main pay plus Dearness Allowance for every achieved six months of service is payable on retirement. Irrevocable Option: Once an employee opts for UPS, the selection is final and cannot be modified. Eligible workers ought to prepare their chance inside three months from April 1, 2025, or inside any extended timelines the Central Government permits.
(With PTI inputs)
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