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CATEGORY 04 · PENSION

Old Pension Scheme (OPS)

Defined benefit pension, qualifying service, commutation and family pension

  1. The PDF describes OPS as a non-contributory defined-benefit scheme governed by the Railway Services (Pension) Rules, 1993.
  2. It states that the monthly pension is 50% of the final month's Basic Pay, with Dearness Relief revisions twice a year.
  3. It states a minimum of 10 years of regular continuous service for standard superannuation benefits and 20 years of qualifying service for Voluntary Retirement (VRS).
  4. It states that up to 40% of basic pension may be commuted for a lump sum and that the commuted portion is restored after 15 years.
  5. It states family pension at 30% of the employee's last drawn Basic Pay, and enhanced family pension at 50% for up to 10 years in fatal in-service duty accident cases.

Source: Railway_Master_Pension_Guide_OPS_NPS_UPS.pdf, pages 1–2. This reflects the uploaded PDF and is not an independent verification of current rules.