Pension liability of railway staff

A parliamentary panel has suggested that the Finance Ministry should consider taking over a part of the pension liability of the railways, if not in full, as it is being done in all other ministries.

The Railway Convention Committee on Internal Resource Generation has said that the impact of pension payment on the railways at the moment is around Rs 50,000 crore annually.

Lohani said that it has been mandated that the Ministry of Railways’ expenditure has to be met out of the income and it is only the Ministry of Railways which bears its pension liability and for everyone else it is borne by the Ministry of Finance.