Home Business Cabinet announces bonus equal to 78 days salary to railway employees

Cabinet announces bonus equal to 78 days salary to railway employees

Cabinet announces bonus for railway employees

The government on Wednesday approved the payment of productivity linked bonus, which is equivalent to 78 days’ salary, to railway employees for the financial year 2021-2022.

It was informed in a cabinet meeting on Wednesday that for the financial year 2021-22, non-gazetted railway employees excluding RPF/RPSF personnel would be paid Productivity-Linked Bonus (PLB) equivalent to 78 days’ salary.

According to the available data, about 11.27 lakh non-gazetted railway employees are likely to benefit from this decision.

The financial impact of payment of 78 days PLB to railway employees is estimated to be Rs 1,832.09 crore.

The salary calculation limit prescribed for payment of PLB is Rs 7,000 per month. The maximum amount payable per eligible railway employee is Rs 17,951 for 78 days.

The Ministry of Railways had earlier said that railway employees played an important role in the performance of passenger and freight services, which also acted as a catalyst for the economy.

In fact, the railway employees ensured uninterrupted movement of essential commodities like food, manure, coal and other items even during the lockdown period.

Railways have ensured that there is no dearth of such items in the area of ​​operation.

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