Payment of advance against the Productivity Linked Bonus admissible for the eligible Group C and Group B (Non-gazetted) employees of EPFO for the year 2021-22
EPFO, HEAD OFFICE
MINISTRY OF LABOUR & EMPLOYMENT
GOVERNMENT OF INDIA
14, BHIKAJI CAMA PLACE, NEW DELHI 110066
No: – WSU/25(1)2003/PLB/Vol.II/11575
Dated: – 19.10.2021
To
All Addl CPFC (HQ) (Zones)
All Addl. CPFC (Zones),
RPFC-1 (ASD), Head Office &
Director (PDNASS) and
All Regional P.F. Commissioners-In charge of
Regional Offices
Sub:- Payment of advance against the Productivity Linked Bonus admissible for the eligible Group C and Group B (Non-gazetted) employees of Employees’ Provident Fund Organization for the year 2021-22 – regarding
Sir/Madam,
Please refer to the above said subject.
Approval of the Competent Authority for grant of advance against the Productivity Linked Bonus admissible for the eligible Group C and Group B (Non-gazetted) employees of Employees’ Provident Fund Organization for the year 2021-22 is conveyed herewith against the Productivity Linked Bonus equal to 60 (Sixty) days’ wages subject to the maximum of Rs.13806/ (rupees Thirteen thousand eight hundred six only) to the eligible Group C and Group B (Non-Gazetted) employees of Employees’ Provident Fund Organization for the year 2021-22.
2. The payment of the advance is subject to the condition that an undertaking (in the enclosed Performa ) to the effect that “the advance will be adjusted against the PLB due for the year 2021-22 and any excess payment detected towards PLB for the year 2021-22 would be refunded forthwith”, shall be submitted by each eligible employee. The payment of advance is subject to the same terms and conditions that are applicable to the grant of PLB and are appended. However, advance is not admissible in respect of employees who have already retired from the services of EPFO.
3. 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. The amount of advance against the PLB for the year 2021-22 may be paid to the eligible employees by 20.10.2022 under intimation to this office. The number of such employees and amount disbursed may also be intimated.
(This issues with the approval of CPFC)
Encl: As Above
Yours faithfully,
(V. Ranganath)
ACC (WSU)
Source: www.epfindia.gov.in