Supreme Court caps maximum pensionable salary at Rs 15,000 under EPS

Order gives employees four months to join

The Supreme Court on Friday upheld the amended Employees’ Pension Scheme (EPS), which caps the basic salary of an employee at Rs 15,000 a month for the pension component derived from it to be calculated.
 

A Bench comprising Chief Justice of India Uday Umesh Lalit, Justice Aniruddha Bose, and Justice Sudhanshu Dhulia has allowed the appeals of the Employees’ Provident Fund Organisation and the Union government challenging the judgments of the High Courts of Kerala, Rajasthan, and Delhi, which had quashed the EPS Amendment of 2014.
 

“The 2014 amendments to the EPS will apply to establishments exempt and not exempt,”