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 scheme and if it could guess the timeline for implementation, and instruct the EPFO to take actions, for giving higher pension. The apex court order provided that the employees who were existing EPS-95 members as on September 1, 2014, could contribute up to 8.33% of their actual salaries, as against 8.33% of the pensionable salary capped at ₹15,000 a month, towards the pension. A large number of contributing members of the pension scheme would benefit from opting for contribution on wages higher than the threshold of ₹15,000 per month.

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History of this topic

Haryana Chief Minister doles out ₹100 crore benefits under three schemes with eye on polls
5 months, 3 weeks ago

Haryana Chief Minister doles out ₹100 crore benefits under three schemes with eye on polls

The Hindu  

On a spree to hand over benefits of various social welfare schemes ahead of the Assembly polls, Haryana Chief Minister Nayab Saini on June 30 provided benefits amounting to more than ₹100.68 crores to 83,633 beneficiaries under three ambitious schemes. At a State-level programme in Panipat, Mr. Saini disbursed ₹22.59 crores to 75,330 beneficiaries under the Social Security Pension Scheme …

'Unconstitutional': Karnataka High Court Strikes Down Amendment Extending EPF Scheme To 'International Workers' Without Salary Ceiling Limit
7 months, 2 weeks ago

'Unconstitutional': Karnataka High Court Strikes Down Amendment Extending EPF Scheme To 'International Workers' Without Salary Ceiling Limit

Live Law  

The Karnataka High Court has recently declared as 'unconstitutional' para 83 introduced in the Employees Provident Fund Scheme, 1952 and para 43A in Employees Pension Scheme, 1995, which covered international workers under the scheme irrespective of the salary drawn by them with effect from 01.10.2008. The Union of India, vide notification dated 01.10.2008, introduced para 83 in the EPF Scheme …

Higher pension | EPFO to wait for number of applicants before releasing calculation process
1 year, 7 months ago

Higher pension | EPFO to wait for number of applicants before releasing calculation process

The Hindu  

Even as the last date to file joint options to claim higher Provident Fund pension ends on May 3, the Centre has decided to wait for the total number of applicants before releasing the procedures to calculate the pension and the share of employees. The amendments to the Employees’ Pension Scheme of 1995 to decide the future of the Centre’s …

Minister clears the air over clause restricting persons opting for higher PF pension
1 year, 8 months ago

Minister clears the air over clause restricting persons opting for higher PF pension

The Hindu  

Union Labour Minister Bhupender Yadav on Thursday clarified that employees and pensioners covered under the Employees’ Pension Scheme of 1995, “are not restricted from filing application forms/ joint options,” in the absence of the requirement of permission under paragraph 26 of the Employees’ Provident Fund Scheme, 1952. Replying to a set of questions raised by John Brittas, Communist Party of …

EPF Pension | Kerala High Court Seeks EPFO Response On Plea Challenging Condition To Show Proof Of Giving Higher Pension Option
1 year, 9 months ago

EPF Pension | Kerala High Court Seeks EPFO Response On Plea Challenging Condition To Show Proof Of Giving Higher Pension Option

Live Law  

A plea has been filed in the Kerala High Court challenging the requirement of submission of proof of having opted for paying higher Provident Fund contribution under paragraph 26 of the Employees Provident Fund Scheme, towards the higher PF pension. Justice Ziyad Rahman A.A., on Wednesday, admitted the plea, and granted time to the EPFO to submit counter affidavit in …

Calcutta High Court Issues Direction On Pension Scheme Further To Supreme Court’s Guidelines In EPF Pension Case
1 year, 9 months ago

Calcutta High Court Issues Direction On Pension Scheme Further To Supreme Court’s Guidelines In EPF Pension Case

Live Law  

The Calcutta High Court has directed that writ petitioners, who were in service as on 01.09.2014 and were also members of the Employees’ Pension Scheme 1995 shall be entitled to exercise option which shall cover the pre-amended paragraph 11 as also paragraph 11 of EPS 1995. The single bench of Justice Raja Basu Chowdhury directed Indian Oil Corporation Limited to …

Get additional funds to implement SC order on higher provident fund pension: Panel to Centre
1 year, 9 months ago

Get additional funds to implement SC order on higher provident fund pension: Panel to Centre

The Hindu  

The Labour Standing Committee of Parliament, headed by senior Biju Janata Dal leader Bhartruhari Mahtab, has pulled up the Union Labour Ministry for underutilisation of the allocations meant for the Ministry’s schemes. The panel asked the Ministry to assess and work out the likely financial implication for implementing the Supreme Court judgment on higher provident fund pension and approach the …

Confusion in opting for higher pension using EPFO link: CITU
1 year, 9 months ago

Confusion in opting for higher pension using EPFO link: CITU

The Hindu  

Centre of Indian Trade Unions general secretary Tapan Sen has written a letter to Central Provident Fund Commissioner Neelam Shami Rao demanding her immediate intervention to resolve the problems in uploading the higher pension option application on the EPFO website. Higher pension | Eligible EPFO members can apply till May 3 Practical problems The former Rajya Sabha member said pensioners …

DMK MP highlights possibility of some post-2014 retirees getting left out of move on higher PF pension
1 year, 9 months ago

DMK MP highlights possibility of some post-2014 retirees getting left out of move on higher PF pension

The Hindu  

The DMK’s Member of Parliament, M. Shanmugam, has written to Union Labour Minister Bhupender Yadav, highlighting the possibility of several sections of post-2014 retirees, covered under the 1995 Employees’ Pension Scheme, getting left out of the present move on the provision of a higher Provident Fund pension. Mr Shanmugam explained that all those who retired after September 1, 2014, might …

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 …

Rajasthan: Gehlot defends old pension scheme as a social security measure
2 years ago

Rajasthan: Gehlot defends old pension scheme as a social security measure

The Hindu  

Rajasthan Chief Minister Ashok Gehlot on Saturday defended his government’s move to restore the old pension scheme for the government employees, saying it was an important social security measure, which would protect the retired officials in their old age. The Central agencies had started criticising the OPS after the results of the Assembly election in Himachal Pradesh were announced, as …

Interview with Labour Minister | SC order on higher pension contribution has many implications, says Bhupender Yadav
2 years ago

Interview with Labour Minister | SC order on higher pension contribution has many implications, says Bhupender Yadav

The Hindu  

The 17th Asia and the Pacific Regional Meeting of the International Labour Organisation will be held in Singapore between December 5 and 9. On the recent Supreme Court verdict on the EPFO higher pension, Mr. Yadav said it was being examined by his Ministry. In Singapore, India’s suggestions will include the way to strengthen employment service portals, integration of job …

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 …

Centre, employees for detailed study of EPFO case verdict
2 years, 1 month ago

Centre, employees for detailed study of EPFO case verdict

The Hindu  

The Union Labour Ministry, the Employees’ Provident Fund Organisation and organisations of employees and employers are studying the Supreme Court order on Friday upholding the validity of the Employees Pension Scheme of 2014. Sources in the Labour Ministry said it would come up with detailed guidelines for the employees and employers on implementing the verdict. ‘Incomplete verdict’ BMS national secretary …

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's Crucial Judgement TODAY-LIVE UPDATES
2 years, 1 month ago

EPF PENSION CASE-Supreme Court's Crucial Judgement TODAY-LIVE UPDATES

Live Law  

The Supreme Court will pronounce TODAY the Judgement in 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.A bench comprising Chief Justice of India Uday Umesh Lalit, Justices Aniruddha Bose and Sudhanshu DhuliaThe Kerala. The Supreme Court will pronounce TODAY …

EPF PENSION CASE-Supreme Court's Crucial Judgement TODAY-LIVE UPDATES
2 years, 1 month ago

EPF PENSION CASE-Supreme Court's Crucial Judgement TODAY-LIVE UPDATES

Live Law  

The Supreme Court will pronounce TODAY the Judgement in 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.A bench comprising Chief Justice of India Uday Umesh Lalit, Justices Aniruddha Bose and Sudhanshu DhuliaThe Kerala. The Supreme Court will pronounce TODAY …

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, …

Subscribers say there is surplus money in EPS
2 years, 4 months ago

Subscribers say there is surplus money in EPS

The Hindu  

Employees and pensioners in the Supreme Court on Thursday tore into the controversial amendments on “determination of pensionable salary” introduced into the Employees Pension Scheme of 1995. Lalit, senior advocate Jayant Muth Raj, appearing for employees of Kerala district cooperatives, trashed the claims made by the Centre and the Employees Provident Funds Organisation in court that the EPS-1995 was facing …

As Rajasthan revives pension scheme, Congress asks Centre to replicate it
2 years, 9 months ago

As Rajasthan revives pension scheme, Congress asks Centre to replicate it

Hindustan Times  

NEW DELHI: The Congress on Friday praised the revival of the old pension scheme in Rajasthan and urged the Centre to replicate it for government employees across India. “They should understand that the Congress has always protected their interests, and an example of this is Ashok Gehlot’s decision in Rajasthan,” said Congress leader Ajay Maken. “For the first time since …

EPF Pension Case : Supreme Court Refers EPFO Appeals to 3-Judge Bench
3 years, 4 months ago

EPF Pension Case : Supreme Court Refers EPFO Appeals to 3-Judge Bench

Live Law  

A 2-judge bench of the Supreme Court on Tuesday referred to a 3-judge bench the appeals filed by Employees Provident Fund Organization and Union of India, challenging the judgments of various High Courts which quashed the Employee's Pension Scheme, 2014. Senior Advocate C Aryama Sundaram on behalf of the EPFO, doubting the correctness of Supreme Court's 2016 judgment in the …

Supreme Court gives breather to govt, EPFO in pensions case
3 years, 9 months ago

Supreme Court gives breather to govt, EPFO in pensions case

Hindustan Times  

In a reprieve for the central government and the Employees’ Provident Fund Organisation, the Supreme Court on Thursday restrained courts in the country from initiating contempt proceedings against them for not paying pension to employees on the basis of their total salary, and instead capping the amount at a maximum of Rs15,000 per month. A bench of justices Uday U …

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