** Pension system is very much bleeding Indian Railways. Currently, about 23% of total revenue of IR goes into pension payment.
** Employees who joined IR before a particular year probably around 2005 shall be getting pension from IR after their retirement.
** Those joining after the particular date shall get NPS after retirement which shall happen around 2035-2040.
** IR...
more... is likely to get rid of pension around 2060 or so, as long as the last pension eligible employee is alive.