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Article: SC upholds Govt Pension Scheme, to examine better schemes.
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- November 11, 2003
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New Delhi, Nov 11 (PTI) In a judgement affecting millions of public and private sector employees, India's Supreme Court today upheld validity of 1996 Government Pension Scheme providing for diverting a major part of employers' Provident Fund contribution to a central fund for payment of pension to employees after their superannuation.
Dismissing a batch of over 80 petitions filed by various employees unions challenging the Government Pension Scheme, a Bench comprising Justice S Rajendra Babu and Justice K G Balakrishnana said that "we are upholding the validity of the scheme."
However, the Court said it would examine separately matters pertaining to ...