Productivity Linked Bonus for the ESIC employees
EMPLOYEES STATE INSURANCE CORPORATION
Sub; Payment of advance against the Productivity Linked Bonus admissible for the employees of ESI Corporation – 2015-16 – regarding.
Approval of the Competent Authority is hereby communicated for the payment of advance against the Productivity Linked Bonus (PLB) equal to 60 (Sixty) days wages subject to the maximum of RS.14000/-(rupees fourteen thousand only) to the employees of the Corporation for the year 2015-16. The payment of the advance is subject to the condition that an undertaking (in the enclosed proforma) to the effect that “the advance will be adjusted against the PLB due for the year 2015-16 and any excess payment detected towards PLB for the year 2015-16 would be refunded for forthwith”, shall be submitted by each eligible employee. The payment of advance is subject to the same terms and conditions that are applicable to the grant of PLB and are appended.
Payment of advance against bonus to adhoc employees and those who superannuated or retired on invalidation on medical grounds or died while in service before the last working day of February of the relevant year will be governed by the instruction issued by this office Memo. No, G-31/1 1/1/86-E.11I dated 02.03-1988, No. V-37/1 1/1/81 – E.III dated 22-02-1988 and No,G-31/11/1/88 – E.III dated 10-07-1989.
Drawing and Disbursing Officer of the respective Regional Office/Sub-Regional Office may draw the advance against the PLB in respect of staff working in outstation Branch Offices also for presentation to J.D. (F)/D. D. (F) concerned.
The Joint Director (Fin.)/Dy. Director (Fin.) will honour the bills submitted by the DDO and pay the proceeds under the existing procedure in the respective Regions/Sub-Regions.
The amount of advance against the PLB for the year 2015-16 may be paid to the eligible employees by 7.10.2016 under intimation to this office. The number of such employees who have been paid the advance may also be intimated. In case it is not possible to credit the advance amount into the bank A/c, cash payment of advance may be considered on specific request of the employee to alleviate hardship.
Hindi version will follow.
End:- As above