New Delhi: Before Diwali, gifts and bonuses rain down on government and non-government employees. The newest entry on the list is the EPFO workforce. Ahead of the holiday season, the Employees Provident Fund Organization (EPFO) announced a Diwali bonus for its staff. The Social Security body announced this week that it would provide a productivity-related bonus (PLB) to all of its Group ‘C’ and Group ‘B’ (unlisted) employees.
Qualified EPFO employees would receive a PLB in the amount of 60 days salary under this incentive, up to a maximum of Rs 13,806. the granting of a productivity-related bonus advance for eligible Group C and Group B (unlisted) employees of the Employees Provident Fund organization for the year 2021-22 is transmitted here -joint against the productivity related bonus equal to 60 (sixty) days salary subject to the maximum of Rs 13,806 for eligible groups C and B (undeclared).Also Read: Amazon Great Indian Festival Sale 2022 Ends Tomorrow; discover the best offers)
The social security body also said that in order for the advance to be paid, each eligible employee must provide assurance that “the advance will be adjusted to the PLB due for the year 2021-2022 and any overpayment detected towards the PLB for the year 2021-2022 would be reimbursed immediately.” (Also Read: Want to record videos in cinematic style with your iPhone? Use THIS feature to get quality photos)
Just days before Diwali 2022, the Employees Provident Fund Organization will release the Productivity Related Bonus (PLB) for eligible employees in Group C and Group B (not listed).
Regular Group C and Group B (unlisted) staff, whether temporary or permanent, will be entitled to the bonus if they were on duty on a pro rata basis and also on the last day of March 2021-2022, according to the circular. of EPFO. However, casual, contract and additional employees of the department will not be eligible for the incentive.