Thursday, October 18, 2012

78 days' Production Linked Bonus for Railway Employees announced

Order Issued
The Union Cabinet today approved the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) equivalent to 78 days' wages for the financial year 2011-2012 for all eligible non-gazetted railway employees. 
Download the Order
The financial implication of payment of 78 days' PLB to railway employees has been estimated to be Rs.1021.56 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is Rs. 3500/- per month. 

About 12.37 lakh non-gazetted railway employees are likely to benefit from the decision. 

Payment of PLB to eligible railway employees is made each year before the Dusshera/Puja holidays. The decision of the Cabinet shall be implemented before the holidays for this year as well. 
View the Complete Press Release
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