Friday, October 4, 2013

78 Days' PL Bonus to Railway Employees (Rs. 8975) - Cabinet Approval

The Union Cabinet today approved the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) equivalent to 78 days wages for the financial year 2012-13 for all eligible non-gazetted railway employees. Total Amount comes out to be Rs. 8975.

Press Information Bureau
Government of India
Cabinet

03-October-2013 21:13 IST

Productivity Linked Bonus for Railway Employees

The Union Cabinet today approved the proposal of the Ministry of Railways for payment of Productivity Linked Bonus (PLB) equivalent to 78 days wages for the financial year 2012-13 for all eligible non-gazetted railway employees.

PLB equivalent to 78 days wages will be paid as a special case considering the good financial performances which is expected to motivate employees. The Gross Traffic Receipt (GTR) during 2012-13 is Rs. 1.24 lakh crore showing an increase of 18.85 per cent against GTR of Rs. 1.04 crore during 2011-12. This increase of GTR was 10.13 per cent during 2011-12 as against 2010-11 and 8.71 per cent during 2010-11 as against 2009-10.

The financial implication is estimated to be Rs. 1043.43 crore. The wage calculation ceiling prescribed for payment of PLB to eligible non-gazetted railway employees is Rs. 3500/- per month. The payment of PLB to eligible railway employees is made each year before the Dusshera / Puja holidays. About 12.37 lakh non-gazetted railway employees all over the country are likely to benefit.

Background:

The Railways were the first departmental undertaking of the Government of India where the concept of PLB was introduced. The PLB Scheme for the Railways came into force from 1979-80 onwards and was evolved in consultation with the two recognized federations, that is the All India Railwaymen's Federation and National Federation of Indian Railwaymen. The scheme envisages a review every three years.

Source: PIB

Submission of form 14 by Spouse to Pension Disbursing Bank Relaxed

Submission of form 14 by Spouse to Pension Disbursing Bank Relaxed

The condition of applying for family pension in Form 14 on the death of pensioner has been causing inconvenience to widows, specially on account of the requirement of attestation by two Gazetted Officers.

The Minister of State for Personnel, Public Grievances & Pensions Shri V. Narayanasamy informed the members of Standing Committee of Voluntary Agencies (SCOVA) that the Government has decided to do away with the requirement of submission of Form 14 for commencement of family pension where the pensioner and spouse hold a joint account. The spouse may inform the Bank of death of the pensioner by way of a simple letter enclosing a copy of death certificate. The paying bank will identify the spouse based on the information given in the PPO and its own “Know Your Customer” procedures.

In other cases, i.e., where the pension is not being credited to the joint bank account of the pensioner and his/her spouse, the condition of attestation of Form 14 has been done away with and giving witness of two persons has been considered as sufficient.

Source : PIB News

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