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PLB Reward Scheme for Employees/Workers of the Port Trust & Dock Labour Board beyond 2017-18

Bonus under Productivity Linked Reward Scheme for employees/workers of the Port Trust & Dock Labour Board beyond 2017-18

bonus-under-productivity-linked-reward-scheme-for-port-trust-employees-2017-18

Press Information Bureau
Government of India
Cabinet

29-January-2020 16:06 IST

Cabinet approves extension of Productivity Linked Reward Scheme for the employees/workers of the Major Port Trust and Dock Labour Board for the period beyond 2017-18

The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has given its approval to extend the existing Productivity Linked Reward (PLR) Scheme beyond 2017-18 until any change/amendment is made in the Scheme.

The Scheme will annually benefit to 28,821 Major Port Trusts and Dock employees/workers and the yearly estimated outgo will be Rs.46 crore. Productivity Linked Reward will be calculated on the existing wage ceiling for calculation of Bonus at Rs. 7000/- per month. This Scheme is fostering better industrial relationship and congenial work atmosphere in the Port Sector, apart from stimulating better productivity.
READ Ad-hoc Bonus / Non-PLB Bonus for year 2018-19 – Finance Ministry clarification
There is an existing scheme of Productivity Linked Reward (PLR) for the employees/workers of Major Port Trusts and Dock Labour Board, wherein Productivity Linked Reward is granted on the basis of the composite Ports Performance Index (50% weightage to All India Performance and 50% weightage to individual port performance) on yearly basis based on the settlement arrived at between Management and the Labour Federations of the Major Port Trusts.

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Source: PIB

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