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Employees’ Pension (Amendment) Scheme, 2014 declared unsustainable: Kerala HC

April 3, 2019[2019] 104 55 (Kerala)

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 - Held, that impugned amendments are arbitrary and ultra vires EPF Act and, thus, unsustainable

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