A Supreme Court judgement that was passed last year allows employees under the Employees’ Provident Fund (EPF) to contribute a higher amount to the Employees’ Pension Scheme (EPS) and enjoy higher pension on retirement. This has gathered a lot of eye balls and according to Rituparna Chakraborty, executive vice-president and co-founder, TeamLease Services, enquiries are coming in mainly from senior employees with 10-15 years work experience.
A clear cut answer may not be available as of now as EPFO has to clarify its stance on the matter. But we bring you some answers on who could benefit from the Supreme Court ruling. But let's take a look at EPS first.
