On the fifth day of the EPF Pension case hearing, the pensioners told the Supreme Court that the verdict in R.C. The Bench was considering the appeals filed by the Employees Provident Fund Organization challenging the Kerala, Rajasthan and Delhi High Court judgments which had quashed the 2014 Amendment Scheme. In 2018, the Kerala High Court, while setting aside the …
The corpus of an average National Pension System subscriber at retirement or at the maturity age 60 years is a shade under ₹5 lakh, according to Pension Funds Regulatory and Development Authority data. The average central government employee’s pension corpus stands at ₹13 lakh, while for state government employees it is around ₹5.4 lakh. While NPS subscribers have to use …
The Pension Fund Regulatory and Development Authority has allowed subscribers to withdraw the entire accumulated pension wealth without purchasing annuity if the pension corpus is less than Rs 5 lakh. Currently, NPS subscribers having a corpus of over Rs 2 lakh at the time of retirement or attaining the age of 60 years need to buy an annuity, offered by …
![EPS Case : Pension Corpus Remains Intact, Payments Coming From Interest, EPFO Can't Raise Fund Issues - Employees To Supreme Court [Day 5 Hearing]](https://www.livelaw.in/h-upload/2022/08/03/428838-epf-pension-case-supreme-court.jpg)
