60 day Productivity Linked Bonus for EPFO employees

Employees Provident Fund Organisation
MINISTRY OF LABOUR & EMPLOYMENT GOVERNMENT OF INDIA
Head Office
Plate A Ground Floor, Block II. East Kidwai Nagar New Delhi-110023

No: WSU/Payment & Declaration of PLB/E-886849 /2024-25/ 13

Date: 27/Mar/2025

To,

All ACC (HQ)s/ACCs (Zones)
All RPFC-I/RPFC-II/APFC OICs
The Director, PDUNASS

Ref: Letter No. WSU/E 886849 dated 08/10/2024

Subject: Declaration of Productivity Linked Bonus for Financial Year 2023-24- reg.

Madam/Sir,

In continuation of the letter dated 08/Oct/2024 regarding Payment of Advance against PLB for 2023-24, it is to state that the Central Government has conveyed its approval to the existing Productivity Linked Bonus Scheme for the year 2023-24 for the employees of EPFO vide letter no. DoE I.D. No. 11-05/2018-E.III A dated 27-03-2025.

Accordingly, the Competent Authority is pleased to convey the approval for payment of the Productivity Linked Bonus for the year 2023-24 for 60 (Sixty) days in all the offices of EPFO subject to a maximum of Rs. 13,816 (Rs. Thirteen Thousand Eight Hundred and Sixteen only). The bonus of 60 days has been assessed based on the previous year data/information submitted by the ZOs. The payment of bonus is to be released to all the eligible Group ‘C’ and Group ‘B’ (Non-Gazetted) employees of EPFO.

The terms and conditions governing payment of PLB will be as per the instruction and other terms and conditions issued by the Ministry of Finance O.M. No. 7/24/2007/E.III (A) dated 10/10/2024 for payment of bonus. The quantum of bonus may be assessed as per the following formula: –

AVERAGE EMOLUMENTS X NO. OF DAYS OF BONUS
30.4*

(*Average no. of days in a month)

The expenditure incurred for payment of bonus may be debited from the Budget Head “Productivity Linked Bonus” after making necessary transfer entries against the advance drawn earlier.

[This has the approval of the CPFC]

Yours sincerely,

Sd/-
G.R Suchindranath
ACC (WSU)