Rs 489.26 crore ad hoc bonus announced for PSU staff

CHENNAI: As many as 3,69,610 employees of State Public Sector Undertakings will get special ad hoc bonus of Rs 489.26 crore for 2016-17. Permanent employees will get a bonus ranging from Rs 8,400 to Rs 16,800.“I have directed that all class C and D workers should be paid bonus by relaxing their income ceiling of Rs 21,000. To determine bonus, the monthly salary ceiling, which stood at Rs 3,500, has been doubled. Payment of bonus will help employees celebrate Deepavali happily,” said Edappadi K Palaniswami in a statement here on Monday.

The employees and workers of the Electricity Board, State-owned transport corporations and Civil Supplies Corporation will get 20 per cent bonus, while the workers of profit-making cooperative societies will get bonus up to 20 per cent depending on the allocable surplus available with the societies. Those in other societies will get 10 per cent.

The workers of the Water Supply and Drainage Board would get 8.33 per cent bonus. The workers of Arasu Rubber Corporation, Plantation Corporation Limited, cooperative and public sector undertakings and TN Cooperative Milk Producers Federation will get either 20 per cent or 10 per cent, depending upon the allocable surplus they have.

Ex-gratia amount will be given to the following workers: contract workers of TNEB (Rs 4,000), TNCSC temporary workers (Rs 3,000), workers of central cooperative societies and district cooperative societies that do not come under Payment of Bonus Act (Rs 3,000) and those working with the primary cooperative societies (Rs 2,400).