Employees' Pension Scheme -- Higher Wages Option -- Pro-rata methodology for pension computation contrary to statutory scheme
Employees' Pension Scheme, 1995, Para 11(4) -- Employees' Pension Scheme -- Higher Wages Option -- Where an employee has exercised a joint option to contribute on actual wages exceeding the statutory ceiling, pensionable salary must be determined on the basis of average monthly pay drawn during the 60 months preceding exit from the pension fund -- Pro-rata bifurcation of service into pre- and post-September 2014 periods is not contemplated under the scheme -- Accepting contributions on higher wages while computing pension on a lower figure is discriminatory and legally unsustainable.
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