Close Menu
    Facebook X (Twitter) Instagram
    • Our Story
    • Partner with us
    • Reach Us
    • Career
    Subscribe Newsletter
    HR KathaHR Katha
    • Exclusive
      • Exclusive Features
      • Research
      • Point Of View
      • Case In Point
      • Dialogue
      • Movement
      • Profile
      • Beyond Work
      • Rising Star
      • By Invitation
    • News
      • Global HR News
      • Compensation & Benefits
      • Diversity
      • Events
      • Gen Y
      • Hiring & Firing
      • HR & Labour Laws
      • Learning & Development
      • Merger & Acquisition
      • Performance Management & Productivity
      • Talent Management
      • Tools & Technology
      • Work-Life Balance
    • Special
      • Cover Story
      • Editorial
      • HR Forecast 2024
      • HR Forecast 2023
      • HR Forecast 2022
      • HR Forecast 2021
      • HR Forecast 2020
      • HR Forecast 2019
      • New Age Learning
      • Coaching and Training
      • Learn-Engage-Transform
    • Magazine
    • Reports
      • Whitepaper
        • HR Forecast 2024 e-mag
        • Future-proofing Manufacturing Through Digital Transformation
        • Employee Healthcare & Wellness Benefits: A Guide for Indian MSMEs
        • Build a Future Ready Organisation For The Road Ahead
        • Employee Experience Strategy
        • HRKatha 2019 Forecast
        • Decoding and Driving Employee Engagement
        • One Platform, Infinite Possibilities
      • Survey Reports
        • Happiness at Work
        • Upskilling for Jobs of the Future
        • The Labour Code 2020
    • Conferences
      • Rising Star Leadership Awards
      • HRKatha Futurecast
      • Automation.NXT
      • The Great HR Debate
    • HR Jobs
    WhatsApp LinkedIn X (Twitter) Facebook Instagram
    HR KathaHR Katha
    Home»News»Compensation & Benefits»SC upholds Employees’ Pension (Amendment) Scheme 2014
    Compensation & Benefits

    SC upholds Employees’ Pension (Amendment) Scheme 2014

    HRK News BureauBy HRK News BureauNovember 8, 20222 Mins Read26703 Views
    Share LinkedIn Twitter Facebook
    Share
    LinkedIn Twitter Facebook

    The provisions in the Employees’ Pension Amendment (Scheme), 2014, are legal and valid as per the Supreme Court.

    It has, however, allowed four months’ time to those became members of the scheme before the 2014 amendment and whose salaries exceed the threshold introduced in 2014, to join the scheme by exercising the higher option, as reported by LiveLaw.in

    According to the 2014 amendment, members who earned over Rs.15,000 a month had to join the scheme afresh, by exercising a fresh option within six months from September 2014. Such employees were required to make an additional contribution at the rate of 1.16 per cent on salary exceeding the Rs 15,000 cap.

    The Court has also declared invalid the condition of additional contribution saying “it is ultra vires the Employees Provident Fund and Miscellaneous Provisions Act 1952”.

    Approval has been given by the Court to all other 2014 amendments, including the manner in which pensionable salary is calculated.

    However, the SC has issued a clarification that the relaxations allowed by the judgment will not be available to employees who retired before September 1, 2014 unless they exercise the option.

    The 2014 amendment does not allow employees who joined service after September 1, 2014 to join the pension scheme if their monthly salary exceeds Rs 15,000. The Court has not changed or tampered with this clause, and therefore, only the members who opted for the scheme before September 2014 will enjoy the benefits of the judgement.

    The bench comprised Chief Justice U U Lalit and Justices Aniruddha Bose and Sudhanshu Pardiwala.

    This ruling has modified the verdicts of Kerala, Rajasthan and Delhi high courts quashing the 2014 scheme.

    The judgement was delivered following the pleas filed by the Centre and the Employees’ Provident Fund Organisation (EPFO).

    The EPFO presently has over 58 million subscribers. The orders of the apex court will be implemented within eight weeks.

    2014 amendment Employees’ Pension Amendment (Scheme) Employees’ Provident Fund Organisation (EPFO). Supreme Court
    Share. LinkedIn Twitter Facebook
    HRK News Bureau

    Leave A Reply Cancel Reply

    two × three =

    Related Posts

    Employee sues US bank for violating rights, causing mental trauma

    June 20, 2025

    Now Karnataka to raise max working hours to 10 per day

    June 19, 2025

    Why are Genpact employees unhappy?

    June 18, 2025

    Agilisium gifts Hyundai Creta cars to all its long-serving employees

    June 16, 2025

    QUICK HR INSIGHTS

    EDITOR'S PICKS

    How corporate culture change dies a thousand small deaths

    June 23, 2025

    The Great Displacement: How automation is reshaping India’s workforce

    June 20, 2025

    How corporate prejudices are strangling innovation in the workplace

    June 19, 2025

    Psychological safety: the new superpower in winning the talent war

    June 18, 2025
    Latest Post

    How corporate culture change dies a thousand small deaths

    Exclusive Features June 23, 2025

    In boardrooms across Britain, a familiar ritual unfolds. Leadership unveils a grand transformation plan—agility, innovation,…

    Cognizant to invest Rs 1,582 crore in AP; create 8,000 jobs

    News June 23, 2025

    Visakhapatnam will see 8,000 jobs being created at a soon-to-be established information technology (IT) campus.…

    CitiusTech gets Navneet Khandelwal as group chief financial officer

    Movement June 23, 2025

    CitiusTech, the healthcare technology and services company has appointed Navneet Khandelwal as its group chief…

    1,400 job cuts at Voice of America

    Global HR News June 23, 2025

    To decrease what is being called unnecessary expenditure, the US administration is cutting jobs at…

    Asia's No.1 HR Platform

    Facebook X (Twitter) Instagram LinkedIn WhatsApp Bluesky
    • Our Story
    • Partner with us
    • Career
    • Reach Us
    • Exclusive Features
    • Cover Story
    • Editorial
    • Dive into the Future of Work: Download HRForecast 2024 Now!
    © 2025 HRKatha.com
    • Disclaimer
    • Refunds & Cancellation Policy
    • Terms of Service

    Type above and press Enter to search. Press Esc to cancel.