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The Supreme Court of India has recently given an important order for the higher pension scheme for retired employees under the Employees' Pension Scheme, 1995 (EPS-95). This order is expected to bring relief to lakhs of retired employees who have been fighting for a better pension scheme for a long time. The Employees' Provident Fund Organisation (EPFO) had notified the EPS-95 in 1995 for providing pension benefits to the employees who are members of the Employees' Provident Fund (EPF). However, the EPS-95 scheme had a clause in which the pension amount was calculated on the basis of the average salary of the emp...
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