Sharks of Law
Adv Anshul Jain
Adv Anshul Jain. | 5 months ago | 273 Views

Supreme Court Decision On Pension Today

Pensions are a fundamental right that retired workers cannot be denied because they are a major source of income for them. It appears from the numerous cases that have come before this court that the SC order was more often ignored than faithfully interpreted and carried out. These cases include people requesting that their pension be given to them.

supreme court judgement on retirement benefits

  • The Supreme Court has ruled against the denial of pension and other retirement benefits to a group of workers in Uttar Pradesh who were initially hired as daily wage laborers and went on to provide their services for 30 to 40 years.
  • As most of the appellants have already worked for the government for such a long time period, it would be unjust as well as very unreasonable to not allow them to get the terminal benefits or post-retirement benefits that may be readily available to most of the regular employees in the government.
  • The government of Uttar Pradesh was ordered and advised by the court to totally ensure that all the benefits that are readily available to the appellants or available to their legal heirs are immediately paid out within two months.

latest supreme court judgement on epf pension

  • The Supreme Court of India issued a major decision concerning the Employees' Pension Scheme-95 (EPS-95) on November 4, 2022. 
  • It is important to note right away that this ruling has nothing to do with the issue of the minimum pension increase under EPS-95, which has long been the focus of agitation by thousands of industrial workers.
  • The Employees' Pension (Amendment) Scheme, 2014, which allowed for the raising of the wage ceiling to Rs 15,000 per month for the purpose of calculating contributions, was affirmed by the Supreme Court.

restoration of old pension scheme Supreme Court

  • The Delhi High Court's ruling, which ordered the Central Government to reinstate the Old Pension Scheme (OPS) for government employees, has been affirmed by the Supreme Court of India. 
  • Additionally, the Indian Supreme Court has ordered the Central Government to submit an application explaining why the OPS shouldn't be reinstated within four weeks. This particular case has been advanced for an additional hearing by SCI on 4th Feb 2024. 
  • The Central Government has mentioned that it will submit and provide an application within the best allotted time frame as well as it will comply with the ruling of the Supreme Court. 
  • The decision by the Supreme Court to reinstate the OPS for all of the employees in the government sector is expected.

Recent supreme court case status

  • In the case of Vinod Kanjibhai Bhagora vs The State of Gujarat, the Supreme Court noted that a government servant receives a pension in lieu of their unceasing service when granting a government employee, a pension in accordance with the Gujarat Civil Services (Pension) Rules of 2022. 
  • Furthermore, for people looking for opportunities in the government sector, pensions are highly a major factor to them.

It is efficient for you to get at an early age. Your pension will be given by your investment amount. In the meanwhile, you will get benefits from tax under the legislation of the Income Tax Act of 1961. Given the complex nature of the pension plan terms as well as its conditions, seeking any professional help and guidance is highly advised. Those experts will give you an overview and make you understand the advantages and the needs to be invested to bring out the most rewards.

Sharks of Law is a one-stop legal resource that houses a wealth of knowledge on various laws as well as recent legal news with the best credentials in the field. You can find a lawyer who satisfies your legal needs with this law firm for online consultation. If you require legal advice in any areas of law, the lawyers at Sharks of Law have the experience to provide it.

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