Dear Colleagues,
Can you please provide a copy of Hon’ble High Court of Madras in W.P. No 5424 of 2020 pronounced on 25.01.2023 wherein the Court has held that in the case of higher pension as mentioned in the Hon'ble SC judgement dated 04.11.2022, the employer need not wait for any circular from the Provident Fund Department for exercising the joint option.
Accordingly, many public Sector organizations like SAI, IOC etc have issued a circular to their employees inviting joint option declaration. Are the establishments in Private Sector also following this procedure or they are waiting for the circular from the EPFO? Please suggest what to do in absence of any guidelines from EPFO. Whether any proactive action will be helpful or merely a wastage of time? Experts please comment on this issue of larger interest.
Regards,
Dr Kamlesh Agrawal
Mumbai
From India, Delhi
10Can you please provide a copy of Hon’ble High Court of Madras in W.P. No 5424 of 2020 pronounced on 25.01.2023 wherein the Court has held that in the case of higher pension as mentioned in the Hon'ble SC judgement dated 04.11.2022, the employer need not wait for any circular from the Provident Fund Department for exercising the joint option.
Accordingly, many public Sector organizations like SAI, IOC etc have issued a circular to their employees inviting joint option declaration. Are the establishments in Private Sector also following this procedure or they are waiting for the circular from the EPFO? Please suggest what to do in absence of any guidelines from EPFO. Whether any proactive action will be helpful or merely a wastage of time? Experts please comment on this issue of larger interest.
Regards,
Dr Kamlesh Agrawal
Mumbai
From India, Delhi
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Gratuity Madras High court Judgement[1].pd f