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 the scheme. The Court said that the employees, who were entitled to join the pension scheme but could not do so as they did not exercise the option within the cut-off date, should be given an additional opportunity as there existed lack of clarity regarding the cut-off date in view of the High Court judgments invalidating the provisions of the Employee's Pension Scheme, 2014. The employees who retired before September 1, 2014 and who exercised the option shall be covered by 11 of Pension scheme as it stood prior to the 2014 Amendment.

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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 …

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 …

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 …

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 …

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 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, …

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