Indian Railways Cabinet approves payment of Productivity Linked Bonus equivalent to 78 days to railway employees for the financial year 2021-22
New Delhi: The Union Cabinet chaired by the Prime Minister Narendra Modi on Wednesday has given its ex-post facto approval for payment of Productivity Linked Bonus to railway employees for the financial year 2021-22.
Payment of PLB to eligible railway employees is made each year before the Dusshera/Puja holidays.
This year also, PLB amount equivalent to 78 days wages has been paid to about 11.27 lakh non-gazetted Railway employees.
The maximum amount payable per eligible railway employee is Rs. 17,951/- for 78 days.
The above amount has been paid to various categories viz. Track maintainers, Drivers & Guards, Station masters, Supervisors, Technician, Technician Helper, controller, Pointsmen, Ministerial staff & other Group ‘C’ staff, read a government statement.
The financial implication of payment of 78 days PLB to railway employees has been estimated to be Rs. 1832.09 crore.
The above decision for payment of PLB has been taken despite adverse financial situations caused by post Covid-19 challenges.
The actual number of PLB days paid is more than the days worked out on the basis of defined formulae.
The payment of PLB acts as an incentive to motivate the railway employees for working towards improvement in the performance of the Railways.
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