Discrimination in Higher Pension Allocation
The above circular dated 31/05/2017, issued by the PF Organisation, has created glaring discrimination in giving higher pensions based on an earlier circular dated 23/03/2017. Higher pensions are being given only to employees whose PF account and EPS account are with the PF Organisation, i.e., the concerned RPFC.
Employees whose PF account is with the trustees of the company but whose EPS account is with the PF Organisation, i.e., concerned RPFC, will not receive the benefit of a higher pension due to the interpretation arrived at by the PF Organisation.
This is not correct, as the benefit accrued due to the Hon'ble Supreme Court's order dated 04/10/2016 does not discriminate between exempted and unexempted establishments. For no fault of an employee, a loss in pension is occurring.
A social security scheme is being implemented in an unsocial way.
The above circular dated 31/05/2017, issued by the PF Organisation, has created glaring discrimination in giving higher pensions based on an earlier circular dated 23/03/2017. Higher pensions are being given only to employees whose PF account and EPS account are with the PF Organisation, i.e., the concerned RPFC.
Employees whose PF account is with the trustees of the company but whose EPS account is with the PF Organisation, i.e., concerned RPFC, will not receive the benefit of a higher pension due to the interpretation arrived at by the PF Organisation.
This is not correct, as the benefit accrued due to the Hon'ble Supreme Court's order dated 04/10/2016 does not discriminate between exempted and unexempted establishments. For no fault of an employee, a loss in pension is occurring.
A social security scheme is being implemented in an unsocial way.
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