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.
From India, Delhi
Acknowledge(0)
Amend(0)
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.
From India, Delhi
Acknowledge(0)Amend(0)
After the amendment in regard to EPS, can an employee contribute on basic salary above the stipulated limit of INR 15000? For example, if the basic salary is INR 100000 per month, and the employee is willing to contribute 12%, and the employer also contributes 12%, is it allowed in such a case or not?
From India, Ahmedabad
Acknowledge(0)Amend(0)
From India, Ahmedabad
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
EPF - Pension contribution is zero WHY.jpg
EPS - Form No. 10-D Pension Claim Form Aadhaar.pdf
EPF Pension.xls