RRBs to Implement Pension Scheme From 01.11.1993 With a 5-Year Amortisation Option for Additional Pension Liability | RBI
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- Last Updated on 22 March, 2025
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Circular No. RBI/2024-25/127 DOR.ACC.REC.No.67/21.04.018/2024-25, Dated: 20.03.2025
Earlier, RRBs were allowed to amortize pension liability under RRB (Employees’) Pension Scheme, 2018, over five years, starting from FY and ending 31.03.2019. Now, they must implement the scheme from 01.11.1993. To ease the financial burden, they may recognise pension liability per applicable accounting standards & amortise expenditure over up to five years from FY ending 31.03.2025, ensuring a minimum of 20% of total pension liability is expensed annually if not fully charged in FY 2024-25.
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