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Railway employees to get bonus equivalent to 73 days wages

Railway employees to get bonus equivalent to 73 days wages
PTI
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First Published: Fri, Oct 03 2008. 03 54 PM IST
Updated: Fri, Oct 03 2008. 03 54 PM IST
New Delhi: Bowing to a long standing demand of railway federations ahead of the festival season, the government today approved 73 days productivity linked bonus to eligible Railway employees and enhancement in the prescribed wage calculation ceiling.
“The union cabinet today gave its approval for payment of Productivity Linked Bonus (PLB) equivalent to 73 days wages to the eligible non-gazetted railway employees for the financial year 2007-08,” Information and Broadcasting Minister Priyaranjan Dasmunshi said.
This would, however, not cover RPF and RPSF personnel.
“The cabinet also gave its approval for enhancement in the wage calculation ceiling prescribed for payment of PLB and adhoc bonus to the eligible non-gazetted railway employees covered by the PLB Scheme as also non-gazetted RPF/RPSF personnel covered by the ad hoc bonus scheme,” Dasmunshi said.
“This increase is from Rs2,500 per month to Rs3,500 per month and would be effective from 1 April, 2006,” he added.
This had been a long-standing demand of railway federations. The grant this year is more than last year when the bonus was given for 70 days wages and the total amount was Rs600 crore.
There are about 14 lakh railway employees in the country. However, about 17,000 railway officials are not entitled for bonus.
Railways had projected Rs24,783 crore as cash surplus in the current fiscal.
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First Published: Fri, Oct 03 2008. 03 54 PM IST