EPFO issues guidelines to avail higher pension

New Delhi, Dec 31, 2022

The Employees’ Provident Fund Organisation has decided to implement the SC’s November order on higher pension and laid out the eligibility criteria and procedure for availing the benefit. The order said employees who were members of EPS on September 1, 2014, would get a chance to contribute up to 8.33% per cent of their actual salaries, instead of 8.33% per cent of pensionable salary capped at Rs 15,000 a month, towards pension.

Complying with the court order, EPFO has now opened a fresh window for those earning over the earlier wage ceiling of Rs 5,000 or Rs 6,500, as well as pensioners. Eligible persons are now required to visit the regional EPFO office with their documents to submit their application. For this, the EPFO circular said the commissioner will specify the form and manner in which the request is to be made. It added that the application form should mention the disclaimer, as instructed in the government notification, and that pensioners must give their consent for any readjustment from provident fund (PF) to pension fund, or, if any, redeposit to the fund.

[The Times of India]