What is VRS in germany?

What is VRS in germany?

Verkehrsverbund Rhein-Sieg
The Verkehrsverbund Rhein-Sieg (Rhine-Sieg Transport Association; VRS) is the public transport association covering the area of the Cologne/Bonn Region, North Rhine-Westphalia, Germany.

What is EinzelTicket?

EinzelTicket (single ticket) 1. valid in the respective zone of validity until the desired stop. change as many times as you like (but no circular trips or return trips) also available as as a short trip ticket.

What is VRS train ticket?

With immediate effect, the Ministry of Railways issued orders introducing Voluntary Retirement Scheme (VRS) for Loco Pilots (Drivers) and Trackmen (Gangmen) in the 50 to 57 year age group.

What is voluntary retirement compensation?

VRS stands for voluntary retirement scheme, whereby an employee is offered to voluntarily retire from services before the retirement date. The scheme allows companies to reduce the strength of employees. It can be implemented by both the public and private sectors. VRS is also known as ‘Golden Handshake’

How can I get VRS in railway?

Besides right to seek retirement on attaining 50/55 years or 30 years of Qualifying Service Railway employee can opt for Voluntary retirement. Railway employee who wish to retire voluntarily has to give a notice of 3 months. Shorter notice may be accepted at the discretion of the Appointing Authority.

What is VR in railway?

Voluntary Retirement(VR)

What are the benefits of VRS?

Guaranteed Income2 to help you achieve your long-term goals.

  • Option to get back 110% of total premiums paid5
  • Life insurance cover1 for financial security of your family.
  • Tax benefits3 may be applicable on premiums paid and benefits received as per the prevailing tax laws.
  • How much do railways get after retirement?

    Pension- It is calculated at 50% of average emoluments in all cases where the employee has 33 years of qualifying service, subject to a maximum of Rs. 45,000/- per month. Pension is worked out proportionately, if the qualifying service is less than 33 years.

    Can I get my father’s railway job?

    Just like any other “son of a father” or daughter, a son or daughter of a Railway employee too has the same and equal opportunity to get any job in India as per his /her abilities and competitive spirit.