PF benefits should extend to contractual employees: SC

Why is it in the news?
  • The Supreme Court in its judgment held that benefits of the provident fund should be extended to contractual employees.
  • The contractual employees have been seeking parity with the regular employees.
More in the news
  • Employees who draw wages or salaries directly or indirectly from a company are entitled to provident fund benefits under the Employees Provident Fund (EPF) Act.
  • Under the Employees’ Provident Fund Act 1952, an EPF account is mandatory for all employees earning up to Rs 15,000 per month in firms employing more than 20 workers.
  • Of India’s 47.41 crore workforce, 90% is in the unorganised sector and the EPF benefits are practically restricted to this sector.
Source
The Hindu.




Posted by Jawwad Kazi on 20th Jan 2020