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

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 https://ift.tt/urS56ec