EPF Pension Scheme Verdict

Employees Pension (Amendment) Scheme 2014 was upheld by the Supreme Court on Friday

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Employees earning more than Rs 15000 are required to pay an additional contribution of 1.16%

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In this case, the court was rendering judgments in appeals filed by Employees Provident Fund Organization and the union government

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Kerala High Court set aside the 2014 amendment, ruling that the Rs 15000 threshold limit is reasonable for joining pension funds

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The maximum pensionable salary before the amendment was only Rs.6,500 per month

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In its arguments, EPFO says that the Pension Fund and Provident Fund should be considered separate

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