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The Supreme Court posted the appeals to Friday (July 15) after counsel for EPFO pointed out that one of the judges in the division bench was part of the Rajasthan High Court Bench that had passed an order in the matter.
Presently, over 138 regional offices of the Employees' Provident Fund Organisation (EPFO) disburse pensions to beneficiaries in their region separately.
The normal rate of 10 per cent will be applicable for those who have linked their EPF account with a valid PAN.
Her ministry is the nodal authority for approving the recommendation of the Central Board of Trustees of Employees' Provident Fund Organization.
Sivankutty said that the CBT's recommendation 'has created huge resentment among the workers'.
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This is the lowest since 1977-78, when the EPF interest rate stood at 8 per cent.
At present, all those employees in the organised sector whose basic wage (basic pay plus dearness allowance) is up to Rs 15,000 per month at the time of joining service are mandatorily covered under EPS-95.
The new rules were implemented as part of enforcing the BUDS (Banning of Unregulated Deposit Scheme) Act.
The 8.5 per cent rate of interest on provident fund deposits for the last financial year was decided by the EPFO's apex decision-making body Central Board of Trustees (CBT) headed by Labour Minister in March this year.