Regional PF Commissioner (II)- Retired at Jaipur
The increased contribution shall be applicable to basic wages, dearness allowance and retaining allowance exceed fifteen thousand rupees per month.
Pension Scheme
Employees’ Pension Scheme, 1995 : Higher Pension Pre-Cursor of para 26(6) Finally Resolved
Of late, the EPFO has finally issued its long-awaited circular dated 30.01.2024, resolving a dispute related to precursor/compliance of paragraph 26 (6) of the EPF Scheme, 1952.
The present judgment fully supports the financial flair of the Government and the authorities by barring pre-01.09.2014 retirees from exercising options under para 11(3).
The Govt. could not even formulate any Scheme for implementation of these Acts. These Acts cannot be termed as "Social Security" but employment obligations of an employer during the employment of a person.
