Posts Tagged ‘Productivity Linked Bonus Scheme’

Declaration of Productivity Linked Bonus (P.L.B.) for the employees of the EPFO for the year 2016-2017

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60 Days Productivity Linked Bonus (PLB) for the Employee of EPFO for the year 2016-17

EPFO-BONUS-2016-2017

Employees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. of India)
Head Office
Bhavishya Nidhi Bhawan,14-Bhikaiji Cama Place, New Delhi-110066

No. WSU/25(1)/2016-17/PLB/10141

Date: 20.09.2017

To

All Addl. CPFC (HQ/Zones),
Addl. CPFC (ASD), Head Office
Director (PDUNASS) and
All Regional P.F. Commissioners-Incharge of

Regional Offices.

Sub: Declaration of Productivity Linked Bonus (P.L.B.) for the employees of the EPFO for the year 2016-2017.

Sir/Madam,

The Central Government, in terms of Section 5D(7) of the Employees’ Provident Funds Miscellaneous Provisions Act, 1952, has conveyed its approval to the existing Productivity Linked Bonus Scheme for the year 2016-2017 for the employees of EPFO vide letter No A-26022/1/94-SS.1 dated 20th September, 2017.

2. Accordingly, the competent authority is pleased to convey the approval for payment of the Productivity Linked Bonus for the year 2016-2017 for 60 (Sixty) days in all the offices of EPFO. The bonus of 60 days has been assessed on the basis of data/information submitted by the Regional Offices in compliance to Head Office letter dated 21.08.2017. The payment of bonus is to be released to all Group ‘C’ and Group ‘B’ (Non-Gazetted) employees of EPFO.

3. The terms and conditions governing payment of P.L.B. will be as per the instructions issued by the Government of India for payment of the bonus to the employees in Central Government departments from time to time. However, the quantum of bonus may be assessed as per the following formula circulated vide Govt. of India, Ministry of Finance O.M. No. 7/4/2014/E.III(A) dated 19.09.2017.

(AVERAGE EMOLUMENTS) X (NUMBER OF DAYS OF BONUS)
30.4*

(* Average number of days in a month)

4. Further, Ministry of Finance vide O.M. No. 7/4/2014-E-IIIA dated 29.08.2016 has revised the calculation ceiling of monthly emoluments for the purpose of payment of P.L. Bonus from Rs. 3500 to Rs. 7000 revised w.e.f. 01.04.2014.

5. The term ‘emoluments’ occurring in these orders will include Basic Pay, Personal Pay, Special Pay, Deputation (Duty) Allowance and Dearness Allowance, but will not include other Allowances, such as HRA, CCA Special Compensatory (Remote locality) Allowance, Bad Climate Allowance, Children Education Allowance and Interim Relief etc.

6. The expenditure incurred for payment of bonus may be debited from the budget head “Productivity Linked Bonus.”

(This issues with the approval of Central P.F. Commissioner).

Yours faithfully,

(J.K. Sangalay)
Regional P.F. Commissioner-I (WSU)

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Be the first to comment - What do you think?  Posted by admin - September 23, 2017 at 11:48 am

Categories: EPFO   Tags: , , , , ,

GENC declares agitation to remove bonus ceiling of Rs.3500

GENC will observe an Agitation Programme throughout the country from 15.09.2014 to 20.09.2014 to remove the ceiling of Rs. 3500/- per mensem under the Payment of Bonus Act, 1965 and Productivity Linked Bonus Scheme
BHARATIYA PRATIRAKSHA MAZDOOR SANGH
(AN ALL INDIA FEDERATION OF DEFENCE WORKERS)
(AN INDUSTRIAL UNIT OF B.M.S.)
(RECOGNISED BY MINISTRY OF DEFENCE, GOVT. OF INDIA)
CENTRAL OFFICE: 2-A, NAVEEN MARKET, KANPUR – 208001, PH & FAX : (0512) 2332222
MOBILE: 09415733686, 09235729390, 09335621629, WEB : www.bpms.org.in
No. BPMS/14/CIR/2014
Dated: 08.09.2014
To,
The Office Bearers / CEC Members &
President / Secretary of the unions
affiliated to BPMS
SUB: AGITATION PROGRAMME FROM 15.09.2014 to 20.09.2014.
Dear Brothers & Sisters,
Sadar Namaskar,
It has been decided by Government Employees National Confederation that all the constituent Federations of GENC will observe an Agitation Programme throughout the country from 15.09.2014 to 20.09.2014 to remove the ceiling of Rs. 3500/- per mensem under the Payment of Bonus Act, 1965 and Productivity Linked Bonus Scheme. You are aware that Section 12 of the Payment of Bonus Act has been amended by Act 45 of 2007 (w.e.f. 01.04.2006) regarding calculation of bonus with respect to certain employees which states as under:-
“Where the salary or wage of an employee exceeds three thousand and five hundred rupees per mensem, the bonus payable to such employee under Section 10 or, as the case may be, under Section 11, shall be calculated as if his salary or wage were three thousand and five hundreds rupees per mensem.”
Meanwhile, Central Government accepted the recommendations of 06th CPC with effect from 01.01.2006 and fixed the minimum basic pay plus grade pay as Rs. 5200 + 1800 = 7000.
Therefore 28,06,369 Group ‘C’ (Non Gazetted) and 1,13,477 Group ‘B’ (Non Gazetted) total thirty lakh approx. Central Government employees are getting the bonus @ Rs. 3500/- per mensem under the Payment of Bonus Act, 1965 or Productivity Linked Bonus whereas none of them is drawing wages less than Rs. 7000/- per mensem excluding other allowances which has beencausing discontentment amongst the employees.
In this agitation programme Gate Meetings, Demonstration at Main Gate, Rallies, Wearing Black Badges and may include other peaceful methods decided at your levels will be organized as per feasibility. This demand week will be concluded with the giving Memorandum to respective Head of Department on last working day (20.09.2014) addressed to Hon’ble Prime Minister of India and copy to the Minister of Labour & Employment, Govt of India.We hope for full support and co-operation to give a great success to this programme.
Brotherly Yours
sd/-
(M.P.Singh)
General Secretary
Source: BPMS

Be the first to comment - What do you think?  Posted by admin - September 11, 2014 at 11:09 am

Categories: Bonus   Tags: , , , , , , ,