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The minimum service requirement for availing partial withdrawals has also been reduced uniformly to 12 months across all categories.
EPFO pension revision addresses the pro-rata stipulation challenged in court, potentially leading to arrears payments for retirees.
If the EPFO is eventually bound by the court order, it may have to reconsider the majority of these rejected applications.
Kerala High Court stays EPFO’s order denying higher pension after ₹16 lakh contribution by retirees from Cochin Refineries
Justice Murali Purushothaman passed the verdict while allowing a petition filed by a group of retired employees of Milma.
The pensioners alleged that the EPFO had also blocked the pension of those who did not return the amount after receiving the notice.
This development comes after the EPFO said that 7.35 lakh out of 17.49 lakh applicants seeking higher PF pensions are not eligible for the benefit.
Even after two years since the Supreme Court ruling on higher PF pensions, only 24,006 individuals have received the revised pension so far.
The petition challenged the pro rata order issued by the Employees’ Provident Fund Organisation (EPFO) on February 14, 2024
Legal experts said that a norm for calculating higher pensions cannot be implemented by issuing a circular since its is not included in the EPS rules.
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