Pensionable salary means the average of the last 60 months' salary. The Supreme Court had upheld the modification from 12-month average to 60 months average salary. However, the actual formula for calculating the pension with higher contribution is yet to be released by EPFO.
Employee Pension
Employee Pension has been under legal turbulences for the last more than 6 years and is a legal battle. The judiciary is bringing this battle to an amicable solution. This position is as prevailing now. Ambiguity, confusions and inability of EPFO to make it simple and transparent has further...
July 2024
