EPF Pension Scheme Verdict

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

Employees who have not opted into the Employees Pension Scheme are deemed to have not participated

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

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

A bench of Justices Aniruddha Bose, Sudhanshu Dhulia, and Chief Justice of India Uday Umesh Lalit reserved judgement

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

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

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