Employers Can't Retrospectively Boost EPS-95 Pension, Rules Kerala HC

• Kerala High Court ruled employers cannot retrospectively contribute to EPS-95 beyond statutory limits for higher pensions.
• The ruling overturns a Single Judge's order concerning 67 retired Cochin International Airport Limited (CIAL) employees.
• Court cited EPF Act, 1952's lack of provision for retrospective enhancement and actuarial basis of funds.
• Employees and employer did not exercise the "joint option" under Paragraph 26(6) during service.
• Decision has significant implications for higher pension claims across India, emphasizing timely joint option.

Why It Matters: Employers cannot retrospectively contribute for higher EPS-95 pensions; timely joint option is crucial.