New Delhi: The Supreme Court has given a major relief to private sector employees by dismissing EPFO’s plea against the High Court ruling that had asked the organisation to pay full pension to retiring employees on the basis of their total salary.
The Special Leave Petition was filed against a Kerala HC order that asked Employees Provident Fund Organisation (EPFO) to provide pension to all retiring employees, rather than capping the figure at Rs. 15,000 per month. After this decision, all employees will get a pension on their full salary instead of the Rs. 15,000 cap after retirement.
