News: 11.58 lakh Railway employees to get bonus equivalent to 78-day wages

Compensation & Benefits

11.58 lakh Railway employees to get bonus equivalent to 78-day wages

This Productivity linked bonus (PLB) to railway employees has been estimated to be of Rs. 2,081.68 Cr.
11.58 lakh Railway employees to get bonus equivalent to 78-day wages

The Ministry of Railways has announced that about 11.58 lakh non-gazetted Railway employees have been granted bonuses equivalent to 78 days wages for FY 2019-20. This Productivity linked bonus (PLB) to railway employees has been estimated to be of Rs. 2,081.68 crore.

The ministry said in a statement, “The Union Cabinet in its meeting held on 21.10.2020 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 (excluding RPF/RPSF personnel).”

The wage calculation ceiling prescribed for payment of the said bonus is ₹7000/- p.m. The maximum amount payable per eligible railway employee is ₹17,951 for 78 days.

"The Productivity Linked Bonus on Railway covers all non-gazetted railway employees (excluding RPF/RPSF personnel) who are spread over the entire country. 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 statement added.

This payment is being made for last year’s performance i.e. 2019-20. "During COVID period, a lot of hard work has been put in by Railways employees in the movement of shramik specials, for movement of essential commodities including Foodgrains, Fertilizers, Coal, etc and completion of more than 200 vital maintenance projects during lockdown period which would boost safety and all-round efficiency in railway operations," it added.

The payment of the PLB for 2019-20 comes at just the right time as the festive season begins and is expected to motivate the employees for working towards improving the performance of the Railways further. The acknowledgment of their work is aimed to enhance the sense of inclusiveness and belongingness in Railway families. It is expected to bolster productivity levels further. It is also expected to help in consumer spending and boosting demand during festive times. In a similar move, the Union Cabinet has also approved a bonus through Direct Benefit Transfer (DBT) for 30 lakh non-gazetted employees of the central government, the total financial implication of which will be ₹3,737 Cr.

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Topics: Compensation & Benefits, Employee Relations, Benefits & Rewards

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