Showing posts with label eps 95 pension latest news today. Show all posts
Showing posts with label eps 95 pension latest news today. Show all posts

Tuesday, December 13, 2022

EPS 95 Pensioners Latest News: Cases registered by the Human Rights Commission for not implementing the Supreme court judgement dtd 4 11 22 by EPFO

Following cases registered by the Human Rights Commission for (1) not implementing the Supreme court judgement dtd 4 11 22 by EPFO for pension on higher wages/salary under EPS 95 pension scheme (2) option of excercising  11(3) and 11(4) in between employee and employer for pension on higher salary.

Karnataka SHRC has registered a case no. 4208/10/11/2022 on the complaint regarding Vishwanath Wali.-HRCNET,NHRC

Karnataka SHRC has registered a case no. 4209/10/11/2022 on the complaint regarding Vishwanath Wali.-HRCNET,NHRC

  • 1. EPFO has implemented EPS 95 pension scheme from 16/11/1995 to their pf members.

  • 2. Employee contributing 12% of their basic salary and employer is also contributing equal amount to the EPFO.

  • 3. Out of employer contribution 8.33% transferring to EPS 95 pension by EPFO. But EPFO is transferring 8.33% on ceiling salary of RS.5000,6500 pension account and difference to members pf account.

  • 4. On ceiling salary pension will be getting on retirement a very minimum amount of RS.500,600...etc.

    5. Our demand is pension is paid on actual salary instead of ceiling salary.

  • 6. Accordingly Some of pensioners filed suit in High court for pension to be paid on actual salary.

  • .7. High court judgement made in favour of pensioners as pension will be on actual salary.

  • 8. EPFO have disagreed the High court judgement and made appeal with Supreme court.

  • 9. Supreme court judgement made on 04/11/2022 upheld the High court judgement

  • 10. EPFO have still not implemented the decision of Supreme court judgement so far.

  • 11. Hence the complaint made with Human Rights dept.