Cabinet okays payment of productivity-linked bonus to railway staff for FY22
PLB amount equivalent to 78 days wages has been paid to about 11.27 lakh non-gazetted railway employees. The maximum amount payable per eligible railway employee is ₹17,951
The Union Cabinet on Wednesday gave its ex-post facto approval for payment of productivity-linked bonus (PLB) to railway employees for the financial year 2021-22.
Payment of PLB to eligible railway employees is made each year before the Dusshera and Puja holidays. This year also, PLB amount equivalent to 78 days wages has been paid to about 11.27 lakh non-gazetted Railway employees. The maximum amount payable per eligible railway employee is ₹17,951 for 78 days.
The above amount has been paid to various categories of employees including track maintainers, drivers and guards, station masters, supervisors, technician, technician helper, controller, pointsmen, ministerial staff and other Group C staff.
The financial implication of payment of 78 days PLB to railway employees has been estimated to be ₹1832.09 crore. The above decision for payment of PLB has been taken despite adverse financial situation caused by post Covid-19 challenges, a government statement said.
The actual number of PLB days paid is more than the days worked out on the basis of defined formulae. The payment of PLB acts as an incentive to motivate the railway employees for working towards improvement in the performance of the Railways.
Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!