Logo

INDIAN RAILWAY QUESTION BANK

PERSONAL

 

Retirement benefits and settlement

 

 

A. Objective:
1.The medical allowance payable to the eligible retired employees is Rs. ________.
2. A railway servant on EOL on medical grounds seeks VR, his request may be accepted and he may be allowed to retire after expiry of ______.
3. A railway servant on EOL other than on medical grounds seeking VR, his request may be accepted immediately without insisting on __________.
4.Post retirement complimentary passes are admissible to railway servants retired after putting in _________ years of service.
5.Widow passes are admissible to widows of Railway servants if the Railway servant had drawn _________ PTOs during his service.
6.___% of PF balance can be withdrawn within one year of retirement without assigning any reason.
7.The leave encashment payable shall be restricted to ________ days of leave at credit at the time of retirement/death.
8.Leave encashment shall be paid at the discretion of the disciplinary authority, in case ________ are pending against the retired employee at the time of retirement.
9. Employees who desire to withdraw their requests for retirement under the safety related retirement scheme may be allowed to do so not later than ______.
10. The last date for submission of requests for retirement and consideration of a ward for appointment under the safety related retirement scheme shall be ________ of the respective year.
11.__________ is the competent authority to accept voluntary retirements.
12. The cut off date for reckoning the eligibility of the employees under the safety related retirement scheme will be _________ of the respective year.
13.Safety related retirement scheme will cover the categories of _______ and ________ whose working has a critical bearing on the safety of train operations and track maintenance.
14.The safety related retirement scheme is effective from ________.
15.Under the Safety related retirement scheme, Drivers and Gangmen in the age group of _______ years may seek retirement.
16.The employee should have completed ___ years of qualifying service in order to be eligible for seeking retirement under the Safety related retirement scheme.
17.The ward of the employee seeking retirement under Safety related retirement scheme will be considered for appointment in the _______ grade of the respective category from which the employee seeks retirement.
 
Say True or False

1.Transfer grant payable is linked to the last pay drawn and DP

2. There is no maximum limit for the commuted value payable.

3. Leave encashment payable is linked to DA admissible at the time of retirement.

4. Any amount of arrears admissible to a retired employee can be drawn as usual and paid through pay clerk.

5. In case of death while in service, pension is not admissible. 

6. Shunters are also covered under the safety related retirement scheme. 

B. Descriptive:
1.Mr. Ram died one month before his retirement on 31.12.2005. Mr. Shyam retired on superannuation on 31.12.2005. Work out the benefits payable to the family of Mr. Ram and those payable to Mr. Shyam, if both were PI/Gr.II with 32 years of qualifying service having reached maximum of the scale on01.09.2005.
2.Narrate briefly the various benefits under the liberalized family pension rules to which an employee is entitled to:
(i) on superannuation(ii) in case of death while in service.
3.The service details of A,B and C are as follows:
Details
Mr.A
Mr.B
Mr.C
Date of Birth
03.12.1945
03.12.1945
03.12.1945
Designation
Sr. Goods Driver
OS/Gr.II
PI/Gr.I
Scale
Rs. 5500-9000
Rs. 5500-9000
6500-10500
Pay
Rs. 6200/-
Rs. 7500/-
Rs. 8200/-
Date of Increment
01.01.2005
01.01.2005
01.01.2005
Qualifying service
33 years
33 years
33 years
Commutation
40%
--
40%
Calculate the retirement benefits including the Family Pension.
4.Explain in brief the salient features of the recently introduced new Pension Scheme? Explain the relative advantages/disadvantages of the Pension Scheme and the new contributory Pension Scheme?
5.Who are eligible for granting Family Pension? How the settlement benefits including Family Pension is shared among the following:
(i) Minor Children and Wife (ii) between the widows, if more than one
(iii) among major children and wife.
6.Write about the provisions regarding advance action to be taken to ensure payment of settlement dues on the date of retirement?
7.Distinguish between Compulsory Retirement under D&A Rules and under review of services? What benefits are admissible when employee is compulsory retirement, removed from service or dismissed?
8.Work out the Pension/Family Pension, Gratuity, commutation of Pension (if opted for maximum entitlement) and Leave Encashment (for 280 days of unutilized LAP) in respect of a Chief Office Superintendent who retired on attaining the age of superannuating on 31.12.2005 on the details given below. Make necessary assumptions.
(i) Total service: 33 years; (ii) Non-qualifying service: 05 years;
(iii) Annual increment received on 01.01.2005 rising pay to Rs. 8800/-
9.What is meant by Dies Non? What are the different periods of service that does not count as qualifying for retirement benefits?
10.What do you mean by Pension Adalat? What types of grievances are dealt under this Adalat? What are your suggestions for better working of the Pension Adalats?
11.How is the Qualifying service calculated? What periods of service constitute non-qualifying service for settlement purposes?
12.A temporary Railway servant having put in only 02 years of service die leaving his widow and one child. What pensionary benefits will his family be entitle dto and what are the rules for granting of the same?