Railways Pension Scheme

The Railways Pension Scheme is a retirement benefit plan for railway employees, providing them with a regular pension after they retire, based on their length of service and salary. Employees contribute a portion of their salary throughout their careers, and the scheme is funded by these contributions and government support. Upon retirement, retirees receive monthly pension payments, ensuring financial security in their later years. The scheme also offers benefits like family pensions and medical facilities, aiming to support railway employees and their dependents after they leave active service.