Published On: Thu, Oct 22nd, 2020

Railway Board notifies bonus Rs 17,951 for its employees

New Delhi: Ahead of the festive season, the Railway Board notified productivity-linked bonus (PLB) up to Rs 17,951, equivalent to 78 days’ wages for the financial year 2019-20 for all its non-gazetted employees. It excludes Railway Protection Force/Railway Protection Security Force (RPF/RPSF) personnel.

The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days. About 11.58 lakh non-gazetted railway employees are likely to benefit from the order.

The bonus is paid to about 11.58 lakh non-gazetted railway employees.

The wage calculation ceiling prescribed for payment of bonus to the non-gazetted railway employees is Rs.7000/- p.m. The maximum amount payable per eligible railway employee is Rs.17,951 for 78 days, the Railway Board bonus notification says.

Earlier, the Union Cabinet in its meeting held on Wednesday accepted the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2019-2020 for all eligible non-gazetted railway employees.

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.

“The payment of the PLB for 2019-20 is expected to motivate the employees for working towards improving the performance of the railways further. The acknowledgement of their work will enhance the sense of inclusiveness and belonging in railways families. It is expected to enhance the productivity levels further,” a government statement said.

It is also expected to help in consumer spending and boosting demand during the festive times, the statement said.

The financial implication of payment of 78 days’ PLB to railway employees has been estimated to be Rs 2081.68 crore.

TST

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