Friday, October 3, 2008

Bonus ceiling. press release of PIB.

CONFEDERATION OF CENTRAL GOVERNMENT

 EMPLOYEES AND WORKERS

Manishinath Bhawan A/2/95 Rajouri Garden

New Delhi. 110 027

Phone: 011 2510 5324

Fax: 011 2510 5324

Mobile: +91 98110 48303

+91 98682 24040

 

 

 

Conf. D.11/16/2008

   Dated 3rd October, 2008

Dear Comrade,

 

            We reproduce hereunder the press release appearing at the PIB website informing the decision taken by the Government in respect of raising the calculation ceiling limit for grant of bonus.  As this has created a certain amount of confusion as to its applicability to other sections of the Central Government employees i.e. those covered by the PLB Scheme (other than railways) as also adhoc scheme, our President com. S.K. Vyas had contacted the Secretary, Expenditure.  Though the exact position will be known on receipt of the minutes of the Cabinet meeting, the Expenditure Secretary has opined that it would be covered for all sections of the Central Government employees.  We are constrained to place this on the website due to the constant and continuous queries we receive from our members.

 

            With greetings,

 

Yours fraternally,

 

 

K.K.N.Kutty

Secretary General.

 

 

 

Payment of productivity linked bonus to Railway employees For the financial year 2007-08 enhancement in the wage calculation ceiling prescribed for payment of productivity linked bonus/adhoc bonus to non-gazetted railway employees.

                        

The Union Cabinet today gave its approval for payment of productivity linked bonus (PLB) equivalent to 73 days wages to the eligible non gazetted railway employees for the financial year 2007-08.  The Government also decided to enhance the wage ceiling from Rs. 2500 to Rs. 3500 p.m. with effect from 1.4.2006 for payment of productivity linked bonus to all eligible Government employees in addition to employees of the Railways.

Accordingly bonus for 2006-07 and 2007-08 will be calculated on the basis of the revised ceiling of Rs. 3500/-