Clarification with Respect of Judgement Dated 4/11/2022 Of Hon’ble Supreme Court of India On Higher Wages Pension (EPS 1995)
Contents News/Article Date: 25th November 2022
Relating to which Act The Employees Provident Funds & Miscellaneous Provisions Act, 1952
Applicable to which State: All the establishments in the States with PF coverage
Type: EPFO (Ministry of Labour, Government of India, Regional Office) Circular No. GJ / RO / RJT / GAB – Pension / Gen. corres. / 280
Pertains to employers and employees
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In this instance, the Regional PF Commissioner – II (pension) Regional Office, Rajkot, has written a letter to Bharatiya Mazdoor Sangh, informing them that the office is yet to receive any further guidelines / instructions from the Head Office and that further instructions are awaited.
In a nutshell, Friday’s Supreme Court ruling gives EPFO members, who have availed of the EPS, another opportunity over the next four months to opt and contribute up to 8.33 per cent of their actual salaries – as against 8.33 per cent of the pensionable salary capped at Rs 15,000 a month
Subject: Clarification with respect of judgement dated 4/11/2022 of Hon’ble Supreme Court of India on higher wages pension (EPS 1995)
For greater details, attached is the notification
