The Northern Railway Men's Union and the Northern Railway Labour Union have welcomed the new pension scheme introduced by the central government, calling it a victory for the unity of railway employees. The new scheme provides a pension of 50% of the basic salary after 25 years of service, as opposed...
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to the previous requirement of 20 years. This change follows a 20-year struggle by unions and comes after discussions with Prime Minister Narendra Modi. The government will contribute 18% towards the pension, up from 14% previously, and will also provide a cost-of-living allowance. Employees will no longer be required to make contributions towards the pension.