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EPFO Higher Pension Update : Important news for employees! Will get the benefit of more pension, apply before March, know the rules and the whole process

According to the guidelines issued by EPFO ​​for more pension option, pensioners who have retired till August 31, 2014 will not be given this benefit, while those who joined EPS on or after September 1, 2014 will have the option of getting more pension. Will be given, under the same new guideline, whatever employees are eligible to get more pension and how they can apply online to get its benefit.

EPFO Higher Pension Update: There is important news for the employees-account holders of Employees’ Provident Fund Organization. EPFO has extended this by amending the last date for applying for higher pension, now employees can take advantage of the application till May 3, 2023. Earlier this last date was kept on 3 March 2023. Under this, the employees who have retired before September 2014 will get the benefit of pension.

Can avail benefits till May 3

In fact, the Supreme Court had said in its order on November 4, 2022, that all eligible members have four months to choose this option and its last date was kept on March 3, 2023, but the Employees’ Provident Fund Organization gave the last date on Monday. Date amended.

The deadline for the Higher Pension Scheme has been extended by three months. Under this, eligible members will now be able to apply for this on the Integrated Member Portal of the Retirement Fund Organization by May 3, 2023. Apart from this, it is also clear from the recently activated URL Link on the Integrated Member Portal of EPFO ​​that the last date for opting for higher pension is The date is May 3rd.

Can apply online

According to the guidelines issued by EPFO ​​for more pension option, pensioners who have retired till August 31, 2014 will not be given this benefit, while those who joined EPS on or after September 1, 2014 will have the option of getting more pension. Will be given, under the same new guideline, whatever employees are eligible to get more pension and how they can apply online to get its benefit. The process to choose the higher pension option under the Employees’ Pension Scheme (EPS) was released by the EPFO ​​last week itself.

Who will be eligible

  1. The application form for the employees whose applications were rejected earlier is available through the portal link. Those who have retired before 1st September 2014 can apply for pension.
  2. Employees who were members of EPS as on August 31, 2014 and who have not opted for higher pension under EPS have time to do so before March 3.
  3. Employees who have contributed higher salary under Employees Provident Fund (EPF) scheme at the time of their job and opted for higher pension option before retirement will be given this benefit.
  4. Under this, only those employees who contributed to EPS to get pension on more than Rs 5000 or Rs 6500 salary limit will be considered eligible.
  5. It is also for such employees who had opted for higher pension while being a member of EPS 95, but one of their applications was rejected by EPFO.

This way you will get benefit

  1. EPFO said that a facility will be given, for which the URL (Unique Resource Location) will be told soon.
  2. After receiving this, the Regional PF Commissioner will give information through notice boards and banners for wide public information.
  3. Each application will be registered, logged digitally and a receipt number will be given to the applicant.
  4. The Officer-in-Charge of the Regional Provident Fund Office concerned will examine each case of joint option on higher pay.
  5. Thereafter, the applicant will be informed about the decision through e-mail/post and later through SMS. These instructions are being issued in compliance of the November 2022 order of the Supreme Court.

Know the process of applying

  • To get more pension, EPS member has to go to his nearest EPFO ​​office.
  • There they will also have to submit some documents along with the application.
  • The application will have to be given according to the method and format given by the commissioner.
  • There will also be a disclaimer and declaration in the joint option.
  • Once the application is submitted, it will be dealt with as per the circular.
Bhupendra Pratap
Bhupendra Pratap
Bhupendra Pratap has over 3 years of experience in writing finance content, entertainment news, cricket and more. He has done BA in English. He loves to Play Sports and read books in free time. In case of any complain or feedback, please contact me @insuranceindiaain@gmail.com
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