Productivity Linked Bonus for Railway Employees approved
The Union Cabinet today on 05/10/2010 approved the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) equivalent to 77 days’ wages for the financial year 2009-2010 for all eligible non-gazetted Railway employees amounting to Rs. 8860.
The financial implication of payment of 77 days’ PLB to Railway employees has been estimated to be Rs.1065.42 crore.
The wage calculation ceiling prescribed for payment of PLB to the eligible employees is Rs.3500/ p.m. About 12.92 lakh non-gazetted Railway employees are likely to benefit from the 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.