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After the order of the Supreme Court, there may be more than double increase in the employees' pension.

Good news for many employees working in private companies. With the order of the Supreme Court, the pension of employees can increase more than double. Let the Supreme Court dismiss the petition against the Kerala High Court. Provide information that the facility of eps was started in 1995. At that time the company could deposit only the salary of the employee up to 8.33% of the annual salary of Rs 6500. While the rules changed in March 1996 According to this, if an employee wants to pay the amount in EPS according to his salary, then he should be allowed to do so. In September 2014, the rule was changed once more. Accordingly, it will contribute 8.33% to a maximum of Rs 15 thousand rupees. If an employee wants to take a pension on the entire salary, his pension salary will be fixed at the last 5 years.

Let the Kerala Court cancel the change on 1 September 2014 and approved the old system. After this, the salary of the pension started fixed last year's average salary. The Kerala High Court had said in its order that all the employees who retired were given a pension according to their full salary. EPFO counts the contribution of Rs.15000 / -. Now there will be a decrease in the pf fund and the more part will be in the eps fund.


With the order of the Supreme Court, there may be more than double increase in the employees' pension.
With the order of the Supreme Court, there may be more than double increase in the employees' pension.


For information, if someone has worked for 20 years and his salary is Rs. 1 lakh, then he will get a pension of Rs. 28571 instead of 2100 rupees. It will increase by 1261 percent. Similarly, the person who works for 25 years will get a pension of Rs 37571 against the cost of Rs 3425. The Supreme Court asked in 2016 the EPFO ​​to give its benefits to the pension scheme based on the benefits of full payroll. EPFO refuses to give its advantage to companies run by the EPF Trust. The EPF Trust manages companies like govt companies like ONGC, Indian Oil and others. Those who start work after the September 1, 2014 Supreme Court judgment will also get the pension benefit on full salary.

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