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Revision of Hourly Rates of Incentive Bonus

Revision of Hourly Rates of Incentive Bonus

Committee was constituted to Revise Hourly Rates of Incentive Bonus after the implementation of 7th Pay Commission. Com. Shiva Gopal Mishra/GS/AIRF and Com. L.N. Pathak Zonal Secretary/MCF represented staff side from All India Railwaymen’s Federation. Official Side has finalized its view on incentive bonus on CLW pattern.

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  • Need for revision of hourly rates of incentive bonus and incentive allowance in favour of staff of Workshops/Production Units under CRJ pattern/GIS
  • Revision of Hourly Rates of Incentive Bonus and Bonus Factor of Workshops and Production Units
  • Revision of rates of Running Allowance and Incentive Bonus
  • Bonus Ceiling : Revision of eligibility and calculation ceilings are expected after Bihar Elections
  • Revision of calculation of wages from Rs.3500/- p.m. to Rs.7000/- p.m. w.e.f. 01.04.2014 – Payment of P.L.Bonus to Railway employees at revised rate of Rs.7000/-p.m.for the year 2014-15-reg
  • Railway Board constitutes committee for revision of Incentive Bonus
  • 7th CPC Incentive Bonus to Railway Employees – NFIR
  • Public Grievance on revision of bonus ceiling under Payment of Bonus Act, 1965.
  • Amendment to Payment of Bonus Act, 1965 – Revision of wage calculation limit from Rs.3500/- p.m. to Rs.7000/- p.m. with effect from 01-04-2014 – Payment of P.L., Bonus to Railway employees at revised rate of Rs.7000/- p.m.

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