EPS 95 Higher Pension: Update on proceedings in Supreme Court for EPS-95 Enhanced Pension

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Update on 29 January"s proceedings in SC for EPS-95 Enhanced Pension

HALE President has witnessed today's proceedings at SC via teleconferencing.

The Counsel of EPFO spoke vehemently that

• 1. RC Gupta case was entirely for those who were contributory to EPFO.
• 2. Exempted trusts maintain their own account, only EPS funds come to EPFO.
• 3. There will be imbalance of funds as EPFO disburses from the interest accrued from the funds deposited.
• 4. By allowing with retrospective effect, no. of pensioners will increase multifold.
• 5. Pawan Hans employees case was referred - and Counsel pleaded not to allow.
• 6. The dismissed SLP to be reviewed.

Counsel for some petitioners requested for linking all related WP's which were not listed today.

The judgement was in favour of EPFO, in a way, as the SC allowed the Review Petition stating that there are issues involved which require a 'closer look' and fixed up the next date in Feb.

The SC asked Registery to list all the interlinked cases together and allowed all the respondants to file their replies/affidavits.

A Naushad,

General Secretary, HALE

 

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