World · India Bureau
Tamil Nadu CM announces bonus package for PSU employees
Tamil Nadu Chief Minister M.K. Stalin has announced a bonus and ex gratia payment for lower-category employees working in profit-making public sector undertakings. The announcement aims to provide financial relief to 'C' and 'D' category staff across the state's PSUs.
LSN India ·
Chief Minister M.K. Stalin announced a financial benefits package for employees in 'C' and 'D' categories employed by profit-making public sector undertakings in Tamil Nadu. The decision provides for a bonus payment of 8.33 percent and an additional ex gratia payment of 11.67 percent to eligible employees.
The move is expected to benefit a significant number of lower-rung staff members across various PSUs operating in the state. The announcement reflects the government's focus on providing economic support to public sector workers who form a substantial portion of the state's workforce.
The bonus and ex gratia payments are conditional on the PSUs being profitable, ensuring that the financial benefits are distributed only by undertakings with positive financial performance. This targeted approach aims to balance employee welfare with fiscal prudence across the public sector.
The announcement comes as part of the state government's ongoing efforts to improve the working conditions and financial security of public sector employees in Tamil Nadu.