The Union Cabinet today 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.
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.
Tuesday, October 5, 2010
Productivity Linked Bonus for Railway Employees approved
About Unknown
Author Description here.. Nulla sagittis convallis. Curabitur consequat. Quisque metus enim, venenatis fermentum, mollis in, porta et, nibh. Duis vulputate elit in elit. Mauris dictum libero id justo.