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Showing posts with label railway employees bonus. Show all posts
Showing posts with label railway employees bonus. Show all posts

78 days Productivity Linked Bonus for Railway Employees

Posted by binu P Wednesday, October 7, 2015 0 comments

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi, has approved the Production Linked Bonus for Railway Employees. 

As a result of the review of the scheme and approval of the Cabinet the salient features of the PLB scheme are as under: -
 

a) The
 output for a year is reckoned by the equated net tonne kilometres by adding together:- 

i) total goods revenue net tonne kilometres.
 

ii) non-suburban passenger kilometres converted by a factor of 0.076.
 

iii) suburban passenger kilometres converted by a factor of 0.053.
 

b) The
 input is taken as the non-gazetted staff strength (excluding RPF/RPSF personnel), increased by the incremental increase/decrease in capital (over average of last three years) during the year. Incremental capital is confined to Rolling Stock utilised for movement of trains. The relative weights given are 0.50 for Tractive Effort, 0.20 for Wagon Capacity and 0.30 for Seating Capacity. The labour input i.e. non-gazetted staff strength is then increased to the extent of the percentage increase in the incremental capital. 

Highest PLB amount of 78 days' wages was paid for the financial years 2010-11, 2011-12, 2012-13 and 2013-14. This year also PLB equivalent to 78 days' wages will be paid considering the good financial performance which is expected to motivate employees for working towards improving the same in future.
 

The financial implication of payment of 78 days' PLB to railway employees has been estimated to be Rs. 1030.02 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is 3500/- p.m. The maximum amount payable per eligible railway employee is Rs. 8975 for 78 days.

About 12.58 lakh non-gazetted Railway employees are likely to benefit from the decision.
 

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

Background:
 

The Union Cabinet in its meeting held on October 2015 accepted the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) equivalent to 78 days' wages for the financial year 2014-2015 for all eligible non-gazetted Railway employees (excluding RPF/RPSF personnel).
 


Railway Employees Bonus Order 2010 - 2011

 

Railway-employees-bonus-order-2011 Over 12.60 lakh non-gazetted Railway employees will benefit from a decision by the Union Cabinet today to give the highest ever Productivity Linked Bonus (PLB) equivalent to 78 days' wages to them this festival season.


Information and Broadcasting Minister Ambika Soni said the Union Cabinet has accepted the proposal of the Ministry of Railways for payment of PLB equivalent to 78 days' wages for 2010-11 for all eligible non-gazetted Railway employees.


The decision is likely to benefit 12.61 lakh non-gazetted Railway employees, she said.


"The financial implication of payment of 78 days' PLB to railway employees has been estimated at Rs 1,098.58 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is Rs 3,500 per month," she told reporters after the Cabinet meeting.


This will be the highest PLB payment ever to be made by the Railways. Payment of PLB to eligible railway employees is made each year before the Dusshera holidays.


"The decision of the Cabinet shall be implemented before the holidays," Soni said.


Last year, the Railways had given 77-day bonus to as many employees. Though there are a total of 13.26 lakh railway employees, 1.26 lakh are not covered under the PLB.


"PLB is based on the productivity indices reflecting the performance of the Railways and its payment is expected to motivate the employees for working towards improving the same in future," Soni said.

 

source:economic times. indiatimes

Railway PLB Bonus:

Railways employees to get 77 days Productivity Linked bonus for the Year 2010 –2011. Previous Year it was for 75 days. The order is likely to be issued this week itself.

PLB-Bonus-Railway-Employees-2010 More than 13.5 lakhs railway employees to get the benefits. The beneficiaries of the bonus would be non-gazetted employees of the railways and exclude Railway Protection Force and Railway Protection Special Force.
This will be the highest productivity-linked bonus to be made by the Railways.

Keep visiting imyideas.com to download the order of Productivity Linked bonus for  Railway employees.

Indian Railways is all set to start new scheme for its employees who take voluntary retirement from service. Under the safety related retirement scheme, railways will provide employment to one of the family member of the retiring employee. This scheme can be availed by an employee, aged between 50-57 and employed under the safety category, who have completed the minimum tenure of 20 year service.

This scheme would start with pay scale of Rs.1800 and the employee will be promoted to higher pay scale as well. Ministry will formally announce this scheme soon.

At present , there are around 2.5 lakh employees in the safety category but around 18,000 employees will benefit from the upcoming scheme. Under this scheme, apart from providing employment to one of the family members, regular pension will also be paid to the employee.

Railway employees to get 75 days bonus

Posted by binu P Thursday, September 17, 2009 0 comments

Govt announces productivity linked bonus for non-gazetted railway employees for 75 days for the financial year 2008-09. Around 13.05 lakh employees of the Railways wil get bonus.

The decision that will have financial implications to the tune of Rs 889 crore was taken at the Union Cabinet meeting chaired by Prime Minister Manmohan Singh.

The beneficiaries of the bonus would be non-gazetted employees of the railways and exclude Railway Protection Force and Railway Protection Special Force, Information and Broadcasting Minister Ambika Soni told reporters.

This will be the highest productivity-linked bonus to be made by the Railways. Last year, the bonus was paid for 73 days of wages.

The wage calculation ceiling prescribed for payment of the bonus to non-gazetted railway employees is Rs 3,500 per month.