Union Cabinet chaired by the Prime Minister Narendra Modi, has approved the Production Linked Bonus for Railway Employees. The Production Linked Bonus equivalent to 78 days wages will be paid considering the good financial performance which is expected to motivate employees for working towards improving the same in future. About 12.58 lakh non-gazetted Railway employees are likely to benefit from the decision.
The wage ceiling for payment of PLB fixed at Rs. 3500/- per month. Productivity Linked Bonus (PLB) equivalent to 78 days’ wages for the financial year 2014-2015 for all eligible non-gazetted Railway employees (excluding RPF/RPSF personnel). Railways had proposed to give 78 days wages as productivity-linked bonus, the same as the last three years, despite the financial crunch. This could mean that the employees will get Rs 8897 as bonus for this month. The burden on railways is estimated to cost more than Rs 800 crores. In 2011-12, 2012-13 and 2013-14 also,78-day wages were given as PLB to railway employees. Productivity-linked bonus is paid to railway employees each year.