NE NEWS SERVICE
CHENNAI, OCT 6
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Wednesday approved the Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2020-21 for all eligible non-gazetted Railway employees (excluding RPF/RPSF personnel), said Southern Railway General Manager John Thomas here on Wednesday.
#Cabinet approves Productivity Linked Bonus to railway employees for the financial year 2020-21
The financial implication of payment of 78 days' PLB to railway employees has been estimated to be ₹1984.73 crore
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The financial implication of payment of 78 days’ PLB to railway employees has been estimated to be Rs 1,984.73 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is Rs 7,000 pm. The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days.
- The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is Rs 7,000 pm.
- The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days.
About 11.56 lakh non-gazetted Railway employees are likely to benefit from the decision. Payment of PLB to eligible railway employees is made each year before the Dusshera/ Puja holidays. The decision of the Cabinet shall be implemented before the holidays for this year as well.
The PLB amount of 78 days’ wages were paid for the financial years from 2010-11 to 2019-20. For the year 2020-21 also PLB amount equivalent to 78 days’ wages will be paid which is expected to motivate the employees for working towards improving the performance of the Railways.
The Productivity Linked Bonus on Railway covers all non-gazetted railway employees (excluding RPF/RPSF personnel) who are spread over the entire country.
Railway Board Chairman and COO lauds staffs’ dedication
Railway Board Chairman and COO Suneet Sharma, later at a press conference, said that the bonus will be disbursed as usual before Dussehra.
He said that the payment of these bonuses, specially after a tough year that saw railwaymen battling against coronavirus and still reporting for duty, would encourage them to work harder.
“Many rail employees reported to work despite the fear for their personal welfare. They were frontline workers. This payment of bonus will encourage them to work harder,” said Sharma.
Bonus will be credited through bank transfer by 15th of this month: John Thomas, GM, SR
Southern Railway general manager John Thomas on Wednesday announced that in Southern Railway the Productivity Linked Bonus will be paid to 72,241 non-gazetted employees (excluding Officers and RPF/RPSF staff) with nearly Rs 130 crore being disbursed to these employees. This bonus will be credited through bank transfer by 15th of this month, he added.
The General Manager stated that Indian Railway, including Southern Railway, has performed well during the last Financial year and during the 6 months of the current financial year.
Highlighting the achievements of Southern Railway during the year 2020-21, General Manager stated that there has been significant increase in punctuality indices to 93%, freight loading for the FY 2020-21 surpassed the previous year by 12% and freight earnings surpassed by 25%.
Method for calculating PLB
- The PLB has been paid as per formula approved by the Cabinet in its meeting held on 23.9.2000 for the years 1998-99 to 2013-14 (except 2002-03 to 2004-05 when slight changes were done with respect to Capital Weightage and Staff Strength). This formula was input : output based where output was reckoned in terms of equated net tonne kilometres and input was reckoned as the non-gazetted staff strength (excluding RPF/RPSF personnel) modified by Capital Weightage.
- For the financial year 2012-13, PLB for 78 days was approved as a special case with the condition that the formula for PLB would be revisited keeping in view the recommendations of the Sixth CPC and the views of the Ministry of Finance. Consequently, the Ministry of Railways constituted a Committee to evolve a new formula.
- The Committee recommended that weightage to both the formula of year 2000 and die new formula based on Operation Ratio (OR) may be in the ratio of 50 : 50. This formula ensured equal representation to the productivity in terms of physical parameters as well as financial parameters. The formula recommended by the Committee has been used for calculation of PLB from 2014-15 to 2019-20.
