Higher Pension in Private Jobs: Supreme Court Upholds Kerala HC Judgment
New Delhi: The Supreme Court on Monday, 1 April, dismissed a special leave petition filed against the Kerala High Court judgment making way for higher pension for people employed in the private sector.
The HC had asked Employees Provident Fund Organisation (EPFO) to give pension to the retiring employees on the basis of their full salary instead of capping maximum pensionable salary to Rs 15,000 per month.
The SC in its ruling said, "We find no merit in the special leave petition."
However a report in The Times of India points out that after this ruling, the pension will increase as the extra contribution will go to EPS but the provident fund corpus will be reduced.
The Employee Pension Scheme was introduced in 1995 under which the employer was contributing 8.33% of the employee's salary in a pension scheme. But the contribution was capped at 8.33 percent of Rs 6,500. This was amended in September 2014 to increase the contribution to 8.33% of Rs 15,000.
This amendment was set aside by the Kerala HC reinstating the old system of calculating pensionable salary as the average of the last one year's monthly salary.
courtesy: thequint.com
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Hindus have consolidated, BJP will cross 135 seats in WB: Suvendu Adhikari after early trends
Kolkata: Suvendu Adhikari on Monday said he was confident that the Bharatiya Janata Party would form the government in West Bengal as early counting trends began to emerge.
Speaking after initial trends in the ongoing vote counting, Adhikari said the party was expecting to win more than 135 seats in the state.
He also claimed that Hindu votes had consolidated in favour of the BJP, which, according to him, would translate into victory for the party.
Counting of votes is currently underway, and official results are awaited.
