78 Days’ Bonus for Railway Employees may be declare on 18th October

78-day PLB to the Railwaymen for 2011-12 has been approved by the Finance Ministry Orders to this effect will follow shortly
(source www.airfindia.com)

As per news article published by Hindustan Times a senior Ministry Official said that the proposal for declaring 78-day productivity linked bonus (PLB) for railway employees is being finalised and it would be taken up by the Cabinet on October 18 for a final decision.

Payment of Productivity-Linked Bonus to eligible railway employees is made each year before the Dusshera.

Railway unions have demanded 80-day bonus for this year as Railways had given the 78-day bonus to its employees last year also.

Over 12.60 lakh non-gazetted railway employees will benefit from the Cabinet decision on the productivity linked bonus this festival season.

Though there are a total of 13.26 lakh railway employees, 1.26 lakh are not covered under the PLB.

The financial implication of payment of 78 days’ PLB to railway employees has been estimated to be over Rs. 1000 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is Rs. 3,500 per month.