EPFO can’t seek extra 1.16% of salary for higher pension: SCTop Stories - NEWS NATION BIHAR

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Saturday 5 November 2022

EPFO can’t seek extra 1.16% of salary for higher pension: SCTop Stories

In a relief to lakhs of subscribers, the Supreme Court on Friday held that the Employees’ Provident Fund Organisation (EPFO) cannot seek an additional contribution of 1.16% of the salary from those drawing over Rs 15,000 without the government amending the law and opened a four-month window for the members of the retirement savings body to exercise the option of getting pension on higher earnings.

from Times of India

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