78 days productivity-linked bonus for railway employees
Posted on: 02/Oct/2013 11:16:53 AM
Productivity-linked bonus is paid to railway employees each year before the Dussehra festival. Railways is likely to announce 78-day wages as bonus, same as last year, for its employees for 2012-13. Over 12.60 lakh non-gazetted railway employees will benefit from the Cabinet decision on the bonus. Though there are a total of 13.26 lakh railways employees, 1.26 lakh are not covered under the bonus.
The financial implication of payment of 78 days` bonus to railway employees has been estimated to be over Rs 1000 crore. The wage calculation ceiling prescribed for payment of bonus to eligible non-gazetted railway employees is Rs 3,500 per month and an employee is likely to get about Rs 8,975 as this year`s bonus.
