LAW FOR ALL

Uttar Pradesh Avas Evam Vikas Parishad Adhiniyam, 1965 - resolution dated 21.2.1995 was passed, proposing to replace the existing Contributory Provident Fund Scheme, to the Pension/Family Pension and Gratuity Scheme. - Govt. Objections - Apex court held that A perusal of clause (f) of Section 95(1), with clause (I) of Section 95(1) would reveal, that the Vikas Parishad is vested with the right to make regulations, so as to extend to its employees a scheme in the nature of Pension/Family Pension and Gratuity Scheme i.e., a scheme similar to the one framed by the Vikas Parishad on 19.5.2009. For the reasons recorded hereinabove, we find no merit in this appeal, and the same is accordingly dismissed. While determining the pensionery benefits payable to the eligible retired employees up to date, if it is found that any of the retired employees is entitled to financial dues in excess of those already paid under the Contributory Provident Fund Scheme, the said employee(s) will be paid interest on the said amount at the rate of 9% per annum. The burden of the aforesaid interest component on the differential amount, will be discharged by the Vikas Parishad, in the first instance. The same shall, however, be recovered from the State of Uttar Pradesh, who is solely responsible for the interest ordered to be paid to the concerned employees.= CIVIL APPEAL NO. 6307 OF 2010 State of Uttar Pradesh ..Appellant versus Preetam Singh and others ..Respondents = 2014 - Sept. Month - http://judis.nic.in/supremecourt/imgst.aspx?filename=42000