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. |
Year of |
Eligibility limit |
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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