Decision will be taken soon

Employees Retirement Age hike news: The Kerala High Court has said in an important instruction to the state government that the employees of cooperative banks and various cooperative societies have demanded an increase of 2 years in their retirement age. Its representation should be considered and a decision should be taken at the earliest.

Employees Retirement Age hike news: Tell that the retirement age of employees working in various cooperative societies of the state’s cooperative banks is currently 58 years. Which is being demanded to be increased to 60 years. Justice Devan Ramachandra recently passed orders on a bench of the writ petition filed by the employees of the cooperative society.

Government’s plea

Employees Retirement Age hike news: The High Court has directed the government to take a decision within 2 months and the order has been given. His retirement will be subject to the decision taken by the Government. On the petition filed, it was argued by the government that it is the policy scope of the government to decide on the retirement age of the employees.

Retirement age of personnel fixed at 58 years

Employees Retirement Age hike news: Let us tell you that in section 186 2 of the Kerala Cooperative Society Act, the retirement age of the employees of the cooperative society was fixed at 58 years. It is stated by the petitioners that the demand for increase in the retirement age by 2 years has been rejected by the Government saying that there is no proposal to increase their retirement age as it is their policy. The same court has clarified that it is well settled by several judgments of the High Court and the Supreme Court that the policy decision should be guided by reasonable and non-psychological considerations.

Retirement age will be 60

Employees Retirement Age hike news: The claims of the petitioners were not even answered by the state government in this matter. On which the State Government has been instructed by the High Court to take a decision on the retirement age. In such a situation, if the demands of the employees are accepted by the state government, then their retirement will increase by two years. At the same time, his retirement age will increase to 60 years.

The post Employees Retirement Age Hike: The retirement age of these employees can be increased by 2 years, high court gave… first appeared on Rightsofemployees.com.

For the personnel who retired before September, 2014, the last date of this scheme was earlier March 3, 2023. The Ministry of Labor said, ‘Now on the demand of the union of workers / employers, the Central Board of Trustees has decided to extend the last date for receiving applications from such workers to May 3, 2023.’

Last date extended till 3rd May

Now you can apply till 3rd May through Unified Members Portal of EPFO. The Supreme Court, in an order issued on November 4, 2022, had said that EPFO ​​will have to give 4 months time to all eligible members to opt for higher pension. This period was ending on 3 March. But there was a continuous demand from the employees to increase it. Now it has been extended till 3 May.

How to apply for more pension

To take advantage of the scheme, employees will have to go to the nearest EPFO ​​office. There you will have to fill the application along with the required documents. At present, a limit of Rs 15,000 per month has been fixed for contribution to EPS. Even if your basic salary is Rs 50,000, your EPS contribution is Rs 1,250 based on a salary of Rs 15,000.

The post Good news for PF account holders, now they will get more pension; Apply by this date first appeared on Rightsofemployees.com.