Bonus: Declaration of Productivity Linked Bonus (P.L.B.) @ 60 days for the employees of the EPFO for the year 2020-21

Declaration of Productivity Linked Bonus (P.L.B.) @ 60 days for the employees of the EPFO for the year 2020-21

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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.

Yours faithfully,
(Rajiv Bisht)
ACC (WSU)