Bombay HC Rules Private Employees Can Get Higher EPS Pension
The Bombay High Court ruled in favor of private sector employees seeking higher pensions under the Employees’ Pension Scheme (EPS) based on actual wages, despite PF trust rules capping contributions at the statutory wage ceiling. Over 40 employees from companies like Tata Communications and Abbott India challenged EPFO's rejection of their joint application. The court's decision supports employees contributing on actual salary for higher EPS pensions.
Economic Times··Mumbai