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SC dismissed petition filed by EPFO against Kerala HC’s Judgment quashing Pension (Amendment) Scheme, 2014

April 3, 2019[2019] 104 taxmann.com 54 (SC)
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EPF : Amendments was brought in Employees' Pension Scheme, 1995 by Employees' Pension (Amendment) Scheme, 2014 limiting maximum pensionable salary to Rs. 15000 per month and creating different classes of pensioners on basis of date on which amended Scheme came into force i.e., 1-9-2014 depending on option exercised by employees out of different options as provided under proviso to paragraph 11(3) of 1995 Scheme - Such amendment was done to prevent depletion in Pension Fund - Kerala High Court held impugned amendments arbitrary, ultra vires EPF Act and, hence, unsustainable - Supreme Court dismissed SLP filed by EPF Organisation against judgment of High Court

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