Productivity Linked Bonus admissible for the employees of ESI Corporation – 2012-13

Productivity Linked Bonus admissible for the employees of ESI Corporation – 2012-13

HEADQUEARTERS OFFICE
EMPLOYEES STATE INSURANCE CORPORATION
PANCHDEEP BHAWAN, CIG MARG, NEW DELHI-2

No. G-31/11/1/2005-E-III

Dated: 28/03/2014

Sub: Productivity Linked Bonus admissible for the employees of ESI Corporation – 2012-13 – regarding

Consequent upon approval of Ministry of Labour & Employment and in continuation of this Office Memorandum of even number dated 8.10.2003, the approval of the Competent Authority is hereby communicated for the payment of Productivity Linked Bonus (PLB) equal to 60 (Sixty) days wages subject of Maximum of Rs.7000 (Rupees Seven thousand only) to the employees of the Corporation for the year 2012-13 as worked out on the basis of the exiting scheme of Productivity Linked Bonus.

Accordingly the advance already paid to the employees may be adjusted and no recovery is to effected and the undertaking be treated as null and void.

However, in case cl employees who have not been paid the advance, action may be initiated for all payment of Productivity Linked Bonus  (PLB) equal to 60 (Sixty) days wages subject to the maximum of Rs.7000/- (Rupees Seven Thousand Only) for the year 2012-13 as worked to the basis of the exiting scheme of Productivity Linked Bonus.

The other terms conditions governing the PLB shall remain the same.

Hindi version will follow.

sd/-
(S.K.SINHA)
DIRECTOR

Source: www.esic.nic.in
[http://www.esic.nic.in/CIRCULARS/cir_EIII_28.3.14j.pdf]