Employee Pension under Legal battle

Employee Pension under Legal battle
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 complicated the situation. In case, the Labour Groups agitates for higher benefits, the position may change.

The ILO has played a major role in developing an international defined normative framework guiding the establishment, development and maintenance of social security systems across the world and has become the world’s leading point of reference for efforts to this end.

“Social security” is the protection which society provides for its members through a series of public measures against the economic and social distress that otherwise would be caused by the stoppage or substantial reduction of earning resulting from sickness, old age survival benefits. They are provided to improve the living quality; to support independence; and to compensate for the lack of earning ability after retirement. It is a Human Right.

In India, Social Security legislations, namely, Workmen Compensation Act, ESI Act, PF Act built in EDLI & EPS, Maternity Benefit Act, Gratuity Act are in force.

ILO propagated “Pension Schemes” being an important segment of “Social Security” for working class during various conventions amongst its members....

To Read The Full Story, Subscribe To Business Manager

K. Vittala Rao

is Legal & Management Consultant and author of Labour Law books.

View all posts

Author

K. Vittala Rao

is Legal & Management Consultant and author of Labour Law books.

error: Content is protected !!