Wednesday, October 6, 2010

Productivity Linked Bonus to the Railway employees -77 days for 2009-10

The Union Cabinet has approved the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) to the Railway employees to the extent of 77 days’ wages for the financial year 2009-10. Approximately 12.92 lakh non-gazetted Group B, C and D employees are likely to benefit from this decision. This will be the highest PLB payment ever to be made by Railways. PLB is based on the productivity indices reflecting the performance of the Railways.
The financial implication of payment of 77 days’ PLB to railway employees has been estimated to be ` 1065.42 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees (excluding RPF/RPSF personnel) is ` 3500/- per month.

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