![]() ![]() ![]() ![]() ![]() The Delhi High Court in its 2019 verdict also echoed the Kerala High Court, while the Rajasthan High Court that same year delivered a similar opinion. The Kerala High court in 2018 quashed the 2014 scheme. PTIīut many people remained unaware of this.Įmployees from various establishments then filed more than 50 writ petitions seeking invalidation of the 2014 amendment. The court then delivered a verdict allowing EPFO members to contribute 8.33 per cent of their actual salaries rather than 8.33 per cent of the pensionable salary (capped at Rs 15,000 per month). In August 2014, the EPS amendment raised the pensionable salary cap first pegged at Rs 5,000 a month and later Rs 6,500 per month to Rs 15,000 per month. If the employee dies, the pension continues to be paid to the employee’s nominee or heir. They can get pension from this scheme after the age of 58. Only those whose salary and dearness allowance comes to Rs 15,000 are eligible for EPS. Employees, as mentioned earlier, do not contribute to EPS. ![]()
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