InvestorQ : What does the Supreme Court’s judgement on pension mean for me?
shivangi Arora made post

What does the Supreme Court’s judgement on pension mean for me?

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simran Kaur answered.
1 year ago
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If you are a private sector employee then you must rejoice for the Supreme Court’s judgement is in your favour.

On Monday, the Supreme Court dismissed the Special Leave Petition that was filed against a Kerala High Court Judgment setting aside Employee's Pension (Amendment) Scheme, 2014 that capped maximum pensionable salary to Rs. 15,000 per month.

What this essentially means is that the pension given to all private sector employees is set to rise.

The High Court had asked the EPFO to give pension to all retiring employees on the basis of their full salaries, instead of capping the figure on which the pension amount is calculated at a maximum of Rs 15,000 per month.

This decision by the Supreme Court will significantly benefit retired people as their pension will get a tremendous boost.

Image courtesy: Times of India

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