The Supreme Court recently upheld the Employees’ Pension (Amendment) Scheme, 2014 of the Employees’ Provident Fund Organisation as “legal and valid” while reading down certain provisions.
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The court used its extraordinary powers under Article 142 of the Constitution to allow eligible employees who had not opted for enhanced pension coverage prior to the 2014 amendments, to jointly do so with their employers within the next four months.
About ‘Article 142 of the Constitution’ –