Productivity Linked Bonus for the EPFO Employees for the year 2018-2019
Through Web Circulation Only
Empioyees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. of India)
Bhavishya Nidhi Bhawan,14-Bhikaiji Cama Place, New Delhi-110066
09 OCT 2019
All Addl. CPFC (Zones),
RPFC-I (ASD), Head Office &
Director (PDNASS) and
All Regional P.F. Commissioners-Incharge of
Sub: Declaration of Productivity Linked Bonus (P.L.B.) for the employees of the EPFO for the year 2018-2019.
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.
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)
(* 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.
(Sanjay Kumar) ACC (WSU)