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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Inappropriate for MLAs seeking free IPL tickets, says D.K. Suresh
Bengaluru: Bengaluru Milk Union Ltd President D.K. Suresh on Monday said it is inappropriate for MLAs to seek free IPL tickets, adding that those interested in watching matches should pay for them personally.
Speaking to reporters near his residence in Sadashivanagar, he said, “IPL is a commercial tournament and does not represent the country. It is not right for public representatives to focus too much on such matters.”
Referring to the recent controversy during the RCB celebrations, he said, “let us find out who benefited the most from the statements made during the incident.” He also pointed out that BJP MLAs had received IPL tickets as well.
Responding to discussions about relocating the Chinnaswamy Stadium, Suresh said the government has already approved the construction of a new stadium at a location he had proposed.
“I had suggested building a stadium in Surya City and submitted a proposal for it. Bengaluru needs four stadiums in four directions to cater to its growing population and encourage youth participation in sports,” he said.
He noted that apart from Kanteerava Stadium, KSCA, and the Football Stadium, there are limited facilities in the city.
“When I was a Lok Sabha member, I had proposed allocating 100 acres in my constituency at Surya City. The land was later earmarked and the plan approved,” he added.
Suresh said he has discussed the project with Minister Zameer Ahmed Khan, Rajiv Gandhi Housing Corporation Chairman Shivalingegowda, and Anekal MLA Shivanna.
“The Cabinet has now approved the project, and a stadium will be developed on around 50–60 acres,” he said.
He further added that he has requested the Deputy Chief Minister to build another stadium at Shivarama Karanth Layout through the BDA, where 40 acres have been allocated. Plans are also being discussed to develop a well-equipped stadium in Bidadi.
Commending state government's recent bilingual policy move, Suresh said forcing children to learn three languages could affect their comprehension.
“It is a good decision to make two languages compulsory. Learning a third language should be left to the choice of students and parents,” he said.
Responding to criticism from BJP leaders, he said their tendency is to oppose every decision of the government.
“To please their central leadership, they take a pro-Hindi stance. Instead, they should advocate for the adoption of Kannada in all states,” he said.
When asked about the earlier three-language policy under Congress, he said, “the situation is different now. Today, the focus should be on quality learning. Kannada should remain the primary language, while students and parents can choose an additional language.”
