InvestorQ : What is the recent high court judgment over the Employees Pension Scheme (EPS)?
Roshni Hegde made post

What is the recent high court judgment over the Employees Pension Scheme (EPS)?

Answer
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vani Patil answered.
1 year ago


A piece of good news announced by the High Court of Delhi for all employees who have retired from the exempted organizations.
On the 22nd of May, the judgment on Employees Pension Scheme (EPS) by the high court was passed in favour of employees. Only employees of the un-exempted organisations are covered under the pension scheme. This judgment was about providing a higher monthly pension to the covered employees. The amount will be calculated considering the present salary.

This has been quite a long journey for employees to get such favourable judgment. Many employees from un-exempted organisations have already filed cases. However, no such response was achieved to employees in 2016 by the Apex Court.
Previously, in 2014 the government had passed its judgment over the betterment in EPS. The Employees' Pension Scheme 1995 was enhanced from Rs 6500 to Rs15000.