The Union Cabinet 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.