Cabinet approves New Productivity Linked Reward Scheme for all Major Port Trusts and Dock Labour Board employees/workers - ALLCGNEWS

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28 October 2016

Home BONUS PRODUCTIVITY LINKED BONUS Cabinet approves New Productivity Linked Reward Scheme for all Major Port Trusts and Dock Labour Board employees/workers

Cabinet approves New Productivity Linked Reward Scheme for all Major Port Trusts and Dock Labour Board employees/workers

Cabinet approves New Productivity Linked Reward Scheme for all Major Port Trusts and Dock Labour Board employees/workers for the years 2015-16 to 2017-18 

The Union Cabinet under the Chairmanship of Prime Minister Shri Narendra Modi has given its approval to New Productivity Linked Reward Scheme for all Major Port Trusts and Dock Labour Board employees/workers for the years 2015-16 to 2017-18.

The new PLR scheme applicable from 2015-2016 to 2017-2018 will benefit about 37870 Port and Dock workers/employees in all the Major Port Trusts and the yearly outgo will be Rs. 49.58 crore.

Ministry of Shipping has formulated a New Productivity Linked Reward (PLR) Scheme for all Major Port Trusts and Dock Labour Board employees/workers for the years 2015-16 to 2017-18. PLR will be calculated on the enhanced wage ceiling for calculation of Bonus at Rs. 7000/- per month. PLR shall be paid annually on the basis of 50% weightage given to all India Performance and 50% weightage given to the individual Port Performance. The arrear payments of PLR for the year 2014-15 to the employees/workers by the Major Port Trusts and Dock Labour Board will be calculated on the enhanced wage ceiling of Rs.7000/- per month for calculation of Bonus instead of Rs.3500/- per month on the existing methodology of combined All India Port Performance.

For the year 2014-15, an amount of Rs 25.93 crore has already been paid to about 41,492 Major Ports & Dock workers/employees as per wage ceiling of Rs.3500/-. The total additional outgo for all Major Ports & Dock workers/employees on account of payment of arrear of PLR for the year 2014-15 as per enhanced wage ceiling of Rs. 7000/- will be about Rs. 25.93 crore.

There is an existing scheme of Productivity Linked Reward (PLR) for the employees/workers of Major Port Trusts and Dock Labour Board, wherein Productivity Linked Reward (PLR) was granted on yearly basis based on the settlement arrived at between Management and the Labour Federations of the Major Port Trusts.

The new PLR Scheme will foster better industrial relationship and congenial work atmosphere in the Port Sector, apart from stimulating better productivity.

Source : PIB
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