Supreme Court upholds employees pension scheme, set aside salary limit of Rs 15k
2 years, 1 month ago

Supreme Court upholds employees pension scheme, set aside salary limit of Rs 15k

India Today  

The Supreme Court on Friday upheld the Employees Pension Scheme 2014 and set aside the salary limit of Rs 15,000 which was fixed by the High Court. The judgment by a three-judge bench led by Chief Justice of India U U Lalit came on an appeal filed by the Employees Provident Fund Organisation which had challenged orders of the Kerala, Rajasthan and Delhi High Courts of quashing the 2014 amendments on determination of pensionable salary under the Employees Pension Scheme of 1995. "The requirement of the members to contribute at the rate of 1.16% of the salary to the extent that such salary exceeds Rs 15,000 per month as an additional contribution made under the amendment scheme is held to be ultra vires to the provisions of the Employees' Provident Funds and Miscellaneous Provisions Act, 1952," Justice Bose held. The court made it clear that employees who retired prior to September 1,2014 without exercising any option would not be entitled to benefit of this judgment.

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History of this topic

Denial Of Pension By Retrospectively Applying Amended Rule Violates Constitutional Rights Under Articles 14, 16: Allahabad High Court
10 months, 4 weeks ago

Denial Of Pension By Retrospectively Applying Amended Rule Violates Constitutional Rights Under Articles 14, 16: Allahabad High Court

Live Law  

The Allahabad High Court has held that denial of pension by retrospectively applying amended rule is a violation of Articles 14 and 16 of the Constitution of India. While restoring pension of retired members State Electricity Regulatory Commission as prescribed under the unamended Uttar Pradesh Electricity Regulatory Commission Rules, 2008, the bench comprising of Justice Attau Rahman Masoodi and Justice …

EPFO’s plan to review high pension payout cases sparks concern
1 year, 10 months ago

EPFO’s plan to review high pension payout cases sparks concern

The Hindu  

The latest circular by the Employees’ Provident Fund Organisation on reopening cases of higher pension for those who retired prior to September 2014 has evoked concern among sections of such pensioners that they may lose the benefit which they have been enjoying for the past five years or so. The cases of employees who retired prior to September 1, 2014 …

Govt. examining Supreme Court order on employees' pension scheme: Union Minister Rameswar Teli
2 years ago

Govt. examining Supreme Court order on employees' pension scheme: Union Minister Rameswar Teli

The Hindu  

The government on Thursday said it was examining a Supreme Court judgement which upheld the Employees' Pension Scheme, 2014 and allowed the employees to opt for enhanced pension coverage alongside their employers, in four months' time. Mr. Teli was replying to a question on whether the government was aware about the Supreme Court verdict of November 4 on EPF pension …

How the Supreme Court ruling affects your pension payouts
2 years, 1 month ago

How the Supreme Court ruling affects your pension payouts

The Hindu  

Successive governments in India have been trying to wean workers away from defined benefit pension plans, to market-linked ones. Once you join EPF, your employer deducts 12% of your basic pay every month towards the fund, while making a matching contribution. While your 12% contribution goes entirely into your EPF account, 8.33% of your employer’s contribution goes into the EPS, …

Explained: Supreme Court's EPF decision and what it means for you
2 years, 1 month ago

Explained: Supreme Court's EPF decision and what it means for you

Firstpost  

The apex court ruling means Employees Provident Fund Organisation members can now contribute 8.33 per cent of their actual salaries rather than 8.33 per cent of the pensionable salary which was capped at Rs 15,000 per month. The apex court also held that the EPFO cannot ask subscribers for an additional 1.16 per cent of contribution of salary for opting …

Explained | The Supreme Court order on PF pensions
2 years, 1 month ago

Explained | The Supreme Court order on PF pensions

The Hindu  

The story so far: Thousands of working individuals who are eligible for pension under the Employees’ Pension Scheme-1995 of the Employees’ Provident Fund Organisation and those who already draw PF pension have been litigating in various courts for several years, seeking to invoke a provision in the scheme by which pension benefit can be substantially increased. The litigation by employees …

SC Opens 4-month Window for Eligible Employees Under EPS to Opt for Increased Pension
2 years, 1 month ago

SC Opens 4-month Window for Eligible Employees Under EPS to Opt for Increased Pension

News 18  

Eligible employees who had not opted for enhanced pension coverage prior to 2014 can jointly do so with their employers within the next four months after the Supreme Court upheld the Employees’ Pension Scheme, 2014. The court on Friday struck down the requirement in the 2014 amendments mandating employee contribution of 1.16 per cent of the salary exceeding Rs 15,000 …

Supreme Court upholds notification amending employees pension scheme as ‘legal and valid’
2 years, 1 month ago

Supreme Court upholds notification amending employees pension scheme as ‘legal and valid’

The Hindu  

The Supreme Court on Friday upheld the Employees’ Pension Scheme, 2014 as “legal and valid” while reading down certain provisions of the scheme concerning current members. Lalit came in an appeal filed by the Employees Provident Fund Organisation challenging decisions of the Kerala, Rajasthan and Delhi High Courts quashing the 2014 amendments on “determination of pensionable salary” under the Employees …

SC upholds validity of EPS 2014, quashes Rs 15,000 salary limit
2 years, 1 month ago

SC upholds validity of EPS 2014, quashes Rs 15,000 salary limit

Deccan Chronicle  

NEW DELHI: The Supreme Court on Friday upheld the validity of the Employees Pension Scheme of 2014 but quashed the threshold limit of Rs 15,000 monthly salary for joining the pension fund. The 2014 amendment had capped the maximum pensionable salary at Rs 15,000 per month. The bench further held as invalid the condition in the 2014 scheme that required …

All employees can opt for EPFO pension scheme: Supreme Court
2 years, 1 month ago

All employees can opt for EPFO pension scheme: Supreme Court

The Hindu  

The Supreme Court on Friday upheld the Employees’ Pension Scheme, 2014 of the Employees’ Provident Fund Organistion as “legal and valid” while reading down certain provisions. The court struck down a requirement in the 2014 amendments that employees who go beyond the salary threshold should contribute monthly to the pension scheme at the rate of 1.16% of their salary. The …

EPF Pension Case : Highlights Of Crucial Supreme Court Judgment
2 years, 1 month ago

EPF Pension Case : Highlights Of Crucial Supreme Court Judgment

Live Law  

The Supreme Court delivered its crucial judgment in the EPF Pension case which impacts several employees across the country.Here are the highlights of the judgment delivered by a bench comprising Chief Justice of India, Justice Aniruddha Bose and Justice Sudhanshu Dhulia : The provisions of the Employees' Pension Scheme, 2014 are legal and valid. The Supreme Court delivered its crucial …

Supreme Court Upholds Employees Pension (Amendment) Scheme 2014; Extends Cut-Off Date For Option; Holds Condition For Additional Contribution As Invalid
2 years, 1 month ago

Supreme Court Upholds Employees Pension (Amendment) Scheme 2014; Extends Cut-Off Date For Option; Holds Condition For Additional Contribution As Invalid

Live Law  

In a crucial judgment, the Supreme Court held the provisions of the Employees Pension Scheme 2014 to be legal and valid. While allowing the appeals filed by the Employees Provident Fund Organization and the Union Government challenging the Kerala, Rajasthan and Delhi High Court judgments which had quashed the Employee's Pension Scheme, 2014, the Court read down certain provisions of …

EPF Pension Case : Supreme Court To Pronounce Verdict On EPFO Appeals Tomorrow
2 years, 1 month ago

EPF Pension Case : Supreme Court To Pronounce Verdict On EPFO Appeals Tomorrow

Live Law  

A 3-judge bench comprising Chief Justice of India Uday Umesh Lalit, Justices Aniruddha Bose and Sudhanshu Dhulia had reserved judgment on August 11 after 6-days of hearing. In 2018, the Kerala High Court, while setting aside the Employee's Pension Scheme, 2014 ], allowed paying pension in proportion to the salary above the threshold limit of Rs 15,000 per month. The …

EPF Pension Case : Supreme Court Reserves Judgment On Appeals Of EPFO
2 years, 4 months ago

EPF Pension Case : Supreme Court Reserves Judgment On Appeals Of EPFO

Live Law  

The Supreme Court on Thursday reserved judgment on the appeals filed by the Employees Provident Fund Organization challenging the Kerala, Rajasthan and Delhi High Court judgments which had quashed the Employee's Pension Scheme, 2014.A 3-judge bench comprising Justices Uday Umesh Lalit, Aniruddha Bose and Sudhanshu Dhulia reserved judgment after 6-days of hearing.In 2018, the. The Supreme Court on Thursday reserved …

Pension Continuous Cause of Action, Says SC, Sets Aside HC Verdict Denying Arrears
2 years, 6 months ago

Pension Continuous Cause of Action, Says SC, Sets Aside HC Verdict Denying Arrears

News 18  

Pension is a continuous cause of action, the Supreme Court has said while setting aside the Bombay High Court verdict to the extent of denying any arrears of pension despite holding that the petitioners before it were wrongly retired at the age of 58 instead of 60 years. The apex court noted though the high court had held that the …

SC Bars Contempt Actions Against EPFO For Implementation Of Employees Pension Proportional To Salary
3 years, 9 months ago

SC Bars Contempt Actions Against EPFO For Implementation Of Employees Pension Proportional To Salary

Live Law  

The Supreme Court has barred all courts from taking up contempt petitions against the Employees Provident Fund Organization and the Central Government seeking the implementation of judgments which held that employees pension cannot be capped at Rs 15,000 and that the same should be proportional to the last drawn salary.A bench comprising Justices UU Lalit and KM Joseph passed this. …

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