Productivity Linked Bonus (P.L.B.) for the employees of the EPFO for the year 2020-21
Declaration of Productivity Linked Bonus (P.L.B.) for 60 (Sixty) days for the employees of the EPFO for the year 2020-21
Through Web Circulation Only
EPFO, HEAD OFFICE
MINISTRY OF LABOUR & EMPLOYMENT,
GOVERNMENT OF INDIA
14, BHIKAIJI CAMA PLACE, NEW DELHI 110066
No. WSU/25(1)/2018-19/PLB 54/2411
All Addl. CPFC (Zones),
RPFC-I (ASD), Head Office &
Director (PDNASS) and
All Regional P.F. Commissioners-In charge of
Sub: Declaration of Productivity Linked Bonus (P.L.B.) for the employees of the EPFO for the year 2020-21.
The Central Government has conveyed its approval to the existing Productivity Linked Bonus Scheme for the year 2020-21 for the employees of EPFO vide letter No 11-5/2018-E III(A) (300507484/2021) dated 26.10.2021.
2. Accordingly, the competent authority is pleased to convey the approval for payment of the Productivity Linked Bonus for the year 2020-21 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 06.10.2021. 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 18.10.2021 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)
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.