Cabinet approves productivity-linked bonuses and non-productivity-related bonuses for 2019-2020

 Cabinet approves productivity-linked bonuses and non-productivity-related bonuses for 2019-2020

Cabinet approves productivity-linked bonuses and non-productivity-related bonuses for 2019-2020

Posted On: 21 OCT 2020 3:24 PM by PIB Delhi

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has given its approval to make productivity related bonus payments for the year 2019-2020 . This will benefit 16.97 lakh non-gazetted employees of commercial establishments like Railways , Posts , Defense , EPFO , ESIC , etc. and the financial burden will be Rs 2,791 crore. Non - PLB or adhoc bonuses will be given to non-gazetted central employees. This will benefit 13.70 lakh employees and whose financial burden will be Rs 946 crore. A total of 30.67 from the announcement of the bonus

Lakh employees will get benefits and the total financial burden will be Rs 3,737 crore.

Last year, non-gazetted employees were paid bonus for their performance, usually before Durga Puja / Dussehra. The government is announcing the immediate payment of Productivity Linked Bonus (PLB) and adhoc bonus for its non-gazetted employees.

Source:PIBEWS