This PLB will be equivalent to 78 days’ wages for the financial year 2014–2015, which has been estimated at Rs. 1030.02 crore
Employees of the Indian Railways will, therefore, now get performance- linked bonus. This was approved by union cabinet this week.
The scheme will cover all non-gazetted railway employees excluding RPF/RPSF personnel, who are spread across the country. Around 12.58 lakh non-gazetted employees of the Indian Railways are likely to benefit from this programme.
The bonus will be equivalent to 78 days’ wages for the financial year 2014–2015. The financial implication of payment of 78 days’ PLB to railway employees has been estimated to be Rs. 1030.02 crore. The wage calculation ceiling prescribed for payment of PLB to the eligible non-gazetted railway employees is 3500/- p.m. The maximum amount payable per eligible railway employee is Rs. 8975 for 78 days.
This year also PLB will be paid considering the good financial performance which is expected to motivate employees for working towards improving the same in future.
The output for a year is reckoned by the equated net tonne kilometres by adding together total goods revenue net tonne kilometres, non-suburban passenger kilometres converted by a factor of 0.076. and suburban passenger kilometres converted by a factor of 0.053.
The input is taken as the non-gazetted staff strength (excluding RPF/RPSF personnel), increased by the incremental increase/decrease in capital (over average of last three years) during the year.
Incremental capital is confined to Rolling Stock utilised for movement of trains. The relative weights given are 0.50 for Tractive Effort, 0.20 for Wagon Capacity and 0.30 for Seating Capacity.
The labour input i.e. non-gazetted staff strength is then increased to the extent of the percentage increase in the incremental capital.