Employees’ Pension Scheme: SC upholds validity of 2014 scheme, squashes Rs 15,000 salary limit

Employees’ Pension Scheme: SC upholds validity of 2014 scheme, squashes Rs 15,000 salary limit

New Delhi: The Supreme Court on Friday upheld the validity of the Employees Pension (Amendment) Scheme of 2014 but quashed the threshold limit of Rs 15,000 monthly salary for joining the pension fund. The 2014 amendment had capped the maximum pensionable salary (basic pay plus dearness allowance) at Rs 15,000 per month. Prior to the amendment, … Read more