Railway Accounts Department Examinations

Showing posts with label Productivity Linked Bonus. Show all posts
Showing posts with label Productivity Linked Bonus. Show all posts

Friday, August 14, 2020

PLB - Productivity Linked Bonus

 

PLB – Productivity Linked Bonus

 

·        Basis:  Payment of Bonus Act, 1965

 

·         Indian Railways was the first dept of the Govt  - introduced the concept of PLB in the year 1979-80

 

·        Covers – All Non Gazetted Railway Personnel (except RPF/RSPF)

 

·        Normally paid before Dusshera / Puja holidays

 

·        Minimum Bonus -  8.33 % of the Salary

 

·        Maximum Bonus  - 20 % of the salary

 

·        Output for a year is reckoned by the Equated NTKM

 

·        Equated NTKM = Total Goods Revenue NTKM plus Non suburban PKM (converted by a factor of 0.076) plus Suburban PKMs (converted by a factor of 0.053)

 

·         Input  - Total Non-gazetted staff strength (excl: RPF/RPSF staff) increased by the incremental increase/decrease in Capital (Average of 3 years) during the year.

 

·        The wage/salary calculation ceiling  - Rs. 3500 per month – PLB payment

 

·        Bonus for 1977 is taken as 25 days.

 

·        Any excess or decrease over it by each2250 Million NTKM of Revenue earning traffic will increase or decrease the Amount of Bonus by a Day.

 

·        If index of production falls below 90, no bonus shall be paid for the year. 

 

·        No. of days approved for calculation of PLB – 2018-19  -78 days.

 

SL.
No

Year of
Amendment

Eligibility limit
(Wages Rs. Per Month)

Calculation 

ceiling

1.

1965

Rs. 1600

Rs.750

2.

1985

Rs.2500

Rs. 1600

3.

1995

Rs. 3500

Rs. 2500

4.

2007

Rs. 10000

Rs. 3500

5.

2016

Rs. 21000

Rs. 7000

 

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