The Economic Times News

Higher EPS 95 Pension: For employees' higher pension employer cant contribute retrospectively to EPS above the statutory limit, rules Kerala HC

Kerala High Court ruled against retrospective higher pension claims for 67 CIAL employees. Despite CIAL offering retrospective contributions with interest, the court emphasized that EPF operates on an accrued investment basis. Employers cannot retrospectively contribute beyond statutory limits to gain benefits not available earlier, upholding the fund's financial sustainability.