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Payment of Bonus Act & PLB to Railway Employees – A Brief Note By KV Ramesh

December 28, 2015 admin Leave a Comment

Payment of Bonus Act & PLB to Railway Employees – A Brief Note By KV Ramesh

THE PAYMENT OF BONUS ACT, 1965 & PLB TO RAILWAYMEN

BY: K.V.RAMESH, Sr.JGS/IRTSA

PAYMENT OF BONUS ACT, 1965 & AMENDMENTS THEREOF

Minimum bonus 8.33% of the salary/wage of an employee.

Maximum bonus including productivity linked bonus shall not exceed 20% of the salary/wage of an employee.

Previous amendment of 2007 was notified on 13 December 2007 and made effective from 1st April, 2006.

Minimum bonus of 8.33% of (Rs. 3500/- X 12= Rs. 42,000/-) is approximately Rs. 3500/-.

20% of above referred Rs. 42,000/- is Rs. 8,400/-. However, the limit is given as Rs. 8,300/-.

PRODUCTIVITY LINKED BONUS FOR RAILWAY EMPLOYEE

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.

Also Check: Expected DA Calculator from July 2022

C) Highest PLB amount of 78 days’ wages was paid for the financial years 2010-11, 2011-12, 2012-13, 2013-14 and 2014-15.

d) 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

Amount paid as bonus never shown meaningful increase over last 15 years.

Only between 2006-07 and 2007-08 there was a visible increase in bonus amount.

If bonus is linked with inflation at the rate of average 12% per year from 2001-02, it should have become Rs.24000 now, even without considering any productivity improvement.

Bill passed in Lokshaba is a very late action taken by the Government.

Railways should not try to put any rider on this very late action.

After enactment of the present bonus bill,wage calculation ceiling prescribed for payment of PLB to non-gazetted railway employees will be increased to 7000/- p.m.

The maximum amount payable per eligible railway employee can also go upto Rs.21,000. But, Railway Board is having proposals to revise the calculation formula for PLB which may reduce the expected benefit.

Source: IRTSA


Also Check: Central Government Pay Matrix Table 2022 PDF
Related updates:

    PLB Bonus 2018 | 78 Days for Railway Employees | Cabinet Cleared
    Bonus Orders for Non-Gazetted Railway Employees
    Bonus 2015 : Cabinet approved 78 Days for Railway Employees
    AIRF has demanded Payment of Arrear of Productivity Linked Bonus paid to Railwaymen
    Railway Bonus 2019: 78 Days PLB to Railway Employees
    Bonus Orders 2015 : Railway Board issued orders for payment of 78 Days bonus to all eligible Railway employees
    Payment of Productivity Linked Bonus to all eligible non-gazetted Railway employees for the financial year 2014-2015
    Changes in the Payment of Bonus Act will benefit thousands of CG employees
    Cabinet approves Productivity Linked Bonus for Railway Employees Payment before Dussehra/Puja Festival

Filed Under: Bonus, Bonus Ceiling

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