Payment of the Productivity Linked Bonus for the year 2020-21 for 60 (Sixty) days in all the offices of EPFO.

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

Date: 28.10.2021

All Addl. CPFC (Zones),
RPFC-I (ASD), Head Office &
Director (PDNASS) and
All Regional P.F. Commissioners-In charge of
Regional Offices.

Sub: Declaration of Productivity Linked Bonus (P.L.B.) for the employees of the EPFO for the year 2020-21.

Sir/Madam,

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.

Also, check the Central Government Employees Bonus 2021 Order

Yours faithfully,

(Rajiv Bisht)
ACC (WSU)

The post EPFO Bonus Order 2021 – 60 Days Productivity Linked Bonus for the EPFO employees appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.

Employees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. Of India)

No. WSU/12(1)12012-13/PLB/13048

Date: 09 Oct 2013

All Regional P.F. Commissioners
In-charge of the ROs/SROs
Regional P.F. Commissioner-I(ASD), Head Office

Sub: Declaration of Productivity Linked Bonus (P.L. B.) for the year 2012-2013.

Sir,
The Central Government, under Section 5D(7) of the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952 has conveyed its approval to the extension of the existing Productivity Linked Bonus Scheme 1998-2004 (Revised) for the year 2012-2013 vide their letter No A-26022/1/1994-SS.1 dated 07th October 2013.

2. Accordingly, the Central Provident Fund Commissioner is pleased to approve the payment of the Productivity Linked Bonus for the year 2012-2013 for 60(Sixty) days in  all the offices of EPFO. The bonus of 60 days has been assessed on the basis of Performance Report forwarded by the field offices in compliance to Head Office letter dated 09.09.2013. The payment of bonus is to be released before Puja Festival, to all Group ‘C’, ‘D’ and Group ‘B’ (Non-Gazetted) employees.

3. The terms and conditions governing payment of P.L.B. will be as per the instructions issued by the Government of India for payment of the bonus to the employees in Central Government departments from time to time. However, the quantum of bonus may be assessed as per the following formula circulated vide Govt. of India, Ministry of Finance O.M. No. 14(1) E.Co-ord.I/2004 dated 30.9.2004.

= (AVERAGE EMOLUMENTS) x (NUMBER OF DAYS OF BONUS) / 30.4 x (Average Number of days in a month)

4. The maximum amount of bonus will be restricted to the amount admissible to those drawing emoluments of Rs.3500/- per month. The bonus in respect of the employees drawing emoluments of more than Rs.3500/- per month will be calculated as if the emoluments were Rs.3,500/- per month.

5. The term ‘emoluments’ occurring in these orders will include Basic Pay, Personal Pay, Special Pay, Deputation (Duty) Allowance and Dearness Allowance, but will not include other Allowances, such as HRA, CCA Special Compensatory (Remote locality) Allowance, Bad Climate Allowance, Children Education Allowance and Interim Relief etc.

6. The expenditure incurred for payment of bonus may please be debited from the budget head ‘Productivity Linked Bonus.

Yours faithfully,
sd/-
(Sanjay Kumar)
Financial Advisor & Chief Accounts Officer

Source : www.epfindia.com
http://www.epfindia.com/Circulars/Y2013-14/WSU_PLB_13048.pdf

The post EPFO Orders – Declaration of Productivity Linked Bonus (P.L. B.) for the year 2012-2013 appeared first on CENTRAL GOVERNMENT EMPLOYEES NEWS.