The Union Cabinet on Wednesday approved payment of productivity-linked bonus (PLB) equivalent to 78 days wage to railway employees for FY 2021-22.
“Payment of PLB to eligible railway employees is made each year before the Dusshera/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 Ministry of Railways said in a release.
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The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days. The bonus amount has been paid to various categories of employees like track maintainers, drivers, guards, station masters, supervisors, technicians, technician helper, controller, pointsmen, ministerial staff and other Group ‘C’ staff, the ministry said.
The financial implication of payment of 78 days PLB to railway employees has been estimated to be Rs 1,832.09 crore.
The above decision for payment of PLB has been taken despite adverse financial situation caused by post Covid-19 challenges, the statement said.
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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, the ministry said.
