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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.