New Delhi, Jan 29 : The Union Cabinet on Wednesday gave its approval to extend the existing Productivity Linked Reward (PLR) Scheme beyond 2017-18 until any change or amendment is made in the scheme.
The scheme will annually benefit to 28,821 major port trusts and dock employees and the yearly estimated outgo will be Rs 46 crore. Productivity-linked reward will be calculated on the existing wage ceiling for calculation of bonus at Rs 7,000 a month, Union Minister Praksh Javadekar told reporters here. This scheme is fostering better industrial relationship and congenial work atmosphere in the Port Sector, apart from stimulating better productivity.
There is an existing scheme where it is granted on the basis of the composite Ports Performance Index (50 per cent weightage to All India Performance and 50 per cent weightage to individual port performance) on a yearly basis based on the settlement arrived at between the management and the labour federations of the major port trusts. (UNI)