Difference between EPFO, EPS needs to be assessed, says Supreme Court

Pensioners informed the apex court that asking the employees to contribute 1.16 per cent for salaries above Rs 15,000 was against the Employees' Provident Funds And Miscellaneous Provisions Act, 1952

The Supreme Court on Wednesday said the difference between Employees Provident Fund Organisation (EPFO) and Employees Pension Scheme (EPS) had to be determined to assess the pension scheme amendment. 

The pensioners had earlier informed the apex court that asking the employees to contribute 1.16 per cent for salaries above Rs 15,000 as per the Employee's Pension (Amendment) Scheme, 2014, was against the Employees' Provident Funds And Miscellaneous Provisions Act, 1952.