Pension Systems and Regulations Quiz

A type of pension awarded when an employee reaches the normal retirement age.

A type of pension awarded when an employee retires before reaching the normal retirement age.

A type of pension awarded when an employee is forced to retire due to an injury or illness.

A type of pension awarded to an employee who is unable to work due to a disability.

One-time payment for a retiring employee that varies based on the employee's length of service.

One-time payment for a retiring employee that is not based on service length.

Financial assistance provided to a family of a deceased railway employee

A process where a sample of employee service records is reviewed to ensure accuracy.

The period between two official inspections of employee records.

A document summarizing an employee's service history, including qualifying years and confirmations.

The date an employee becomes a permanent member of the organization.

Years of service that count towards retirement benefits.

The department responsible for financial and accounting matters.

The review of an employee's service record when they apply for pension benefits.

The first year of permanent service and all previous qualifying service for employees confirmed within an inspection period.

The date after which all new employees must have their qualifying service checked at the time of confirmation.

The amount of pension that the employee is entitled to receive before they retire.

The official form used to declare that the pensioner is aware of the conditions and consequences of commuting their pension.

The process of exchanging a portion of a regular pension for a lump sum payment.

The date when the agreement to commute the pension becomes legally binding.

The official document used to authorize the payment of the commuted value of the pension.

The pay a railway employee receives immediately before leaving service, used for calculating pension benefits.

This refers to the average pay calculated over a specific period.

Higher officiating pay is included only if it was received continuously for at least 22 days.

The average of allowances earned during 265 days of running duty preceding retirement, capped at 75% of base emoluments.

Emoluments are calculated as if the employee was not on leave, foreign service, or suspension.

Increases in pay not actually received are usually not included in the calculation.

Time counted retroactively for pay increases is not counted towards average emoluments if intermediate increments were not paid retroactively.

Emoluments are not affected by wrongful reversions caused by administrative errors.

The 'Pay' as defined in Rule 2003 (21)-R-II, refers to the basic salary that a railway servant receives.

The memorandum outlining average emoluments for pension calculation.

A railway employee can choose to withdraw their application for commutation within two weeks of receiving the revised amount payable if the medical authority determines that their age for commutation purposes should be greater than their actual age.

If medical examination is not required, the commutation becomes final on the day the application is received by the administration. If medical examination is necessary, the commutation becomes final when the medical authority signs the medical certificate.

If a railway employee dies after the commutation becomes final but before receiving payment, the commuted value will be paid to their legal heir. If the payment of ordinary pension has already begun, the commuted value will be paid to the legal heir through the Paying Officer.

The commuted value is calculated using the age on the net birthday based on a specific table. However, if medical examination is required, the medical authority can determine a higher age for the calculation, but it cannot be lower than the actual age.

The payment of the commuted value should be made as quickly as possible, but it should not occur until pension or anticipatory pension has been formally approved.

The medical authority can adjust the pensioner's age to be higher than their actual age for commutation purposes. This adjustment is made if the medical authority believes the pensioner's health is impaired.

If the applicant's health is deemed impaired, the medical authority can increase their age for commutation purposes, which can lead to a larger sum being paid.

The pensioner is provided with a form (Form No. XL(C)-R-II), where Part III is certified and sent to the applicant. This part contains information about the commutation process.

The medical authority's decision on the applicant's age for commutation purposes is based on a medical examination. This examination is not always required.

The Accounts Officer, if the medical certificate suggests an increase of more than five years in the applicant's age, is required to inform the applicant of the revised sum payable on commutation.

Discrepancies in pay during the last three years require an in-depth review of an employee's service record.

Employees retiring within three years of an inspection must have their service records reviewed thoroughly.

This process involves a review of an employee's service records to ensure they've successfully completed their qualifying service period.

The process of ensuring that all employees have their service records reviewed at least three or four times before reaching the age of 55.

A certificate is issued confirming the employee's service after their first year of permanent service. This certificate is subject to a test check every three or four years.

When certificates of test check are missing due to reasons such as reconstructed records, the Accounts Office must conduct checks on specific service periods during pension application verification.

The last three years of qualifying service are checked to ensure service continuity. This approach helps to identify any discrepancies or inconsistencies during the final years of service.

One or two intermediate years selected at random are examined to further verify service continuity and accuracy within the employee's service history.

The details of service recorded in the statement of Service should be cross-checked with paid vouchers, PF ledger cards, office orders, and any other available documents in the Accounts Office during the selected periods.

If the necessary documents are not available in the Accounts Office, the verification can be conducted using documents utilized by the Executive Offices for service verification.

The check for periods of qualifying service should be performed using available records, like paid vouchers, to verify continuity of service, appointments held, and leave periods during the selected period.

The Provident Fund Ledger Accounts are analyzed to confirm service continuity and identify periods taken as extraordinary leave. Such leave is usually indicated because no contributions are made during that time.

If paid vouchers or other documents are not available in the Accounts Office, then the verification should be conducted using documents that were used by the Executive Offices.

When a pension stops being paid or is moved to a different location, the unused pages for monthly payment dates should be marked as canceled and the reason for cancellation should be written on them.

If a pension payment remains unclaimed for three years without an explanation, the entries can be skipped when creating a new pension check register.

Family pension check registers should include a column to note any limitations on the pension amount, providing detailed information about the restrictions.

When the exact date of pension termination is uncertain, a certificate is required to confirm that the event which would end the pension has not yet occurred.

Retirement gratuity and the option to exchange a portion of the pension for a lump sum payment (commutation) are not subject to income tax.

The pay a railway employee receives immediately before leaving service, used for calculating pension benefits.

This refers to the average pay calculated over a specific period.

Higher officiating pay is included only if it was received continuously for at least 22 days.

The average of allowances earned during 265 days of running duty preceding retirement, capped at 75% of base emoluments.

Emoluments are calculated as if the employee was not on leave, foreign service, or suspension.

Increases in pay not actually received are usually not included in the calculation.

Time counted retroactively for pay increases is not counted towards average emoluments if intermediate increments were not paid retroactively.

Emoluments are not affected by wrongful reversions caused by administrative errors.

The 'Pay' as defined in Rule 2003 (21)-R-II, refers to the basic salary that a railway servant receives.

The memorandum outlining average emoluments for pension calculation.

In cases where a railway employee's pay has been reduced during the last 10 months of their qualifying service, the authority may, at their discretion, use the average emoluments for calculating gratuity or death-cum-retirement gratuity, provided the reduction in pay was not a penalty.

When a railway employee is repromoted, the pay they would have received if they hadn't been reverted should be considered in setting their new pay.

If a railway employee receives an increment during privilege leave or leave on average pay, that increment counts towards their emoluments for pension calculation, even if they don't actually receive it during leave.

When calculating emoluments for pension, pay received during joining time is considered based on the type of joining time. For certain types, the actual pay received is used, while for others, it's the pay that would have been earned if the employee wasn't on joining time.