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DA and Bonus - AISMA - All India Station Masters' Association - The Only Cadre Care for Station Masters


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AISMA - All India Station Masters' Association - The Only Cadre Care for Station Masters » Employee-welfare » DA and Bonus

DA and Bonus

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Productivity-Linked Bonus (PLB)

The railway ministry on Tuesday assured 78 days’ productivity-linked bonus (PLB) to its employees in the grade pay ranging from Rs 1,800 to Rs 4,600, thus entailing an additional burden of Rs 600-700 crore on the finances of the public-sector employer.

The promise came from railway minister Dinesh Trivedi in a meeting here with federations of the ministry, sources said.

PLB is linked to NTKM (net tonne km traffic) earning divided by the number of employees.Though there has been a 83.37 per cent increase in passenger traffic and 74.95 per cent increase in goods traffic in terms of kilometres covered between 2000-2001 and 2008-2009, staff strength has been reduced by 10.29 per cent.

The PLB paid to approximately 13 lakh employees will amount to Rs 8,975 per employee. According to the Bonus Act, the maximum bonus allowed to the employee for 30 days is Rs 3,500.

The railways has responded to this saying any enhancement in the bonus limit can happen only by an amendment in the Bonus Act.

 

Release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners

The Union Cabinet today (15.09.2011) approved release of additional instalment of Dearness Allowance to Central Government employees and Dearness Relief to pensioners as due from 01.07.2011 at the rate of 7 per cent over the existing rate of 51 per cent.

The total financial implications on account of both Dearness Allowance and Dearness Relief would be Rs.7228.76 crore per annum and Rs.4819.22 crore in the current financial year.

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