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

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

Employees’ Provident Fund Organisation
(Ministry of Labour & Employment, Govt. Of India) 
Head Office
Bhavishya Nidhi Shawan,14-Bhikaiji Cama Place, New Delhi-I 10066

No. WSU/12(1)12012-13/PLB/13048
Date: 09.10.2013

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 *

 

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

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