PLB - Productivity Linked Bonus

 

PLB – Productivity Linked Bonus

 

·        Basis:  Payment of Bonus Act, 1965

 

·         Indian Railways was the first dept of the Govt  - introduced the concept of PLB in the year 1979-80

 

·        Covers – All Non Gazetted Railway Personnel (except RPF/RSPF)

 

·        Normally paid before Dusshera / Puja holidays

 

·        Minimum Bonus -  8.33 % of the Salary

 

·        Maximum Bonus  - 20 % of the salary

 

·        Output for a year is reckoned by the Equated NTKM

 

·        Equated NTKM = Total Goods Revenue NTKM plus Non suburban PKM (converted by a factor of 0.076) plus Suburban PKMs (converted by a factor of 0.053)

 

·         Input  - Total Non-gazetted staff strength (excl: RPF/RPSF staff) increased by the incremental increase/decrease in Capital (Average of 3 years) during the year.

 

·        The wage/salary calculation ceiling  - Rs. 3500 per month – PLB payment

 

·        Bonus for 1977 is taken as 25 days.

 

·        Any excess or decrease over it by each2250 Million NTKM of Revenue earning traffic will increase or decrease the Amount of Bonus by a Day.

 

·        If index of production falls below 90, no bonus shall be paid for the year. 

 

·        No. of days approved for calculation of PLB – 2018-19  -78 days.

 

SL. No	Year of Amendment	Eligibility limit (Wages Rs. Per Month)	Calculation  ceiling
1.	1965	Rs. 1600	Rs.750
2.	1985	Rs.2500	Rs. 1600
3.	1995	Rs. 3500	Rs. 2500
4.	2007	Rs. 10000	Rs. 3500
5.	2016	Rs. 21000	Rs. 7000

 

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