Cabinet approves 78-day Productivity Linked Bonus to railway employees
Union Cabinet on Wednesday approved Productivity Linked Bonus (PLB) equivalent to 78 days to railway employees ahead of the festive season.
Ministry of Railway said that the bonus was eligible to non-gazetted railway employees (excluding RPF/RPSF personnel) for the financial year 2015-16, which would mean a financial implication of Rs 2,090.96 crore.
The payment of this Bonus to eligible Railway Employees will be made before Dussehra/Puja holidays, the Ministry stated.
“Payment of PLB would result in motivating a large number of railway employees to improve the performance of the Railways and enhance the productivity levels further besides maintaining industrial peace,” the Ministry said in a statement.
In an earlier report, PTI stated that the bonus was expected to be around Rs 18,000 per employee as last year, the minimum bonus paid was Rs 8,975 per employee..
Productivity linked bonus is paid to about 12 lakh railway employees each year before the Dussehra festival, the PTI report stated.