Productivity Linked Bonus (P.L.B) for EPFO employees for the year 2018-19

Productivity Linked Bonus (P.L.B) for EPFO employees for the year 2018-19

Productivity Linked Bonus (P.L.B) for EPFO employees for the year 2018-19

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

No. WSU/25( 1)/2018-19/PLB / 8098

Date: 09 OCT 2019

To

All Addl. CPFC (Zones),
RPFC-I (ASD), Head Office & Director (PDNASS) 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 2018-2019.

Sir/Madam,

The Central Government has conveyed its approval to the existing Productivity Linked Bonus Scheme for the year 2018-2019 for the employees of EPFO vide letter No A- 26022/1/94-SS- 1 (Pt) dated 9th October, 2019.

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2. Accordingly, the competent authority is pleased to convey the approval for payment of the Productivity Linked Bonus for the year 2018-2019 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 Zonal Offices in compliance to Head Office letter dated 25.09.2019. 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 and other terms & conditions issued by the Ministry of Finance O.M. No. 7/24/2007/E.III (A) dated 04.10.2019 for payment of bonus. The quantum of bonus may be assessed as per the following formula:-

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

(* Average number of days in a month)

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

5. This has approval of Central P.F. Commissioner.

Yours faithfully,

(Sanjay Kumar)
ACC (WSU)

PL-bonus-for-epfo-for-2018-19

Source: EPFO (click here to view/download the pdf)

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