BONUS FOR COOPERATIVE SOCIETIES EMPLOYEES

Tamil Nadu - Chennai

Bonus for cooperative societies’ employees





Special Correspondent



CHENNAI: Employees of the Tamilnadu Co-operative Milk Producers’ Federation (Aavin), Arasu Rubber Corporation (ARC) and Tamil Nadu Tea Plantation Corporation (TANTEA) will receive a bonus of 8.33 per cent and ex gratia of 11.67 per cent for 2008-2009.







The government order, issued on Friday, will benefit 6,757 Aavin, 1,806 ARC and 9036 TANTEA employees.







Besides, 160 ARC employees, 358 TANTEA employees and Tamil Nadu Forest Plantation Corporation receive a bonus of 8.33 per cent and ex-gratia of 1.67 per cent for the year 2008-2009. This order will benefit 11,815 employees working in the above said corporations to the extent of Rs.8.25 crore.







The employees of co-operative societies will receive a bonus of 8.33 per cent and ex-gratia of 1.67 per cent. However, employees of profit making co-operative societies will receive a bonus of 8.33 per cent and ex-gratia of 11.67 per cent, subject to a ceiling of Rs.8,400.







The order will benefit about 67,000 employees, according to a press release.



SOURCE;THE HINDU