The deadline is about to end for the members of the Employees’ Pension Scheme (EPS) to opt for higher pension. Employees’ Provident Fund Organization (EPFO) has already issued instructions on other points including application eligibility, application process and deadline.
At the same time, the Regional Pension Fund Commissioner (RPFC) will scrutinize the applications for higher pension. Explain that on the order of the Supreme Court of November 4, 2022, EPFO has allowed the members of the pension scheme to apply for higher pension.
Which EPS members are eligible for higher pension?
The EPFO has accepted the request for higher pension from employees who have compulsorily contributed more to the pension scheme under the Employees’ Provident Fund (EPF) scheme and have Has opted for enhanced pension coverage before retirement. EPFO said that the employees who had contributed salary in excess of the erstwhile wage limit of Rs 5,000 or Rs 6,500 and the employees who opted under Employees Pension Scheme (EPS) with Revise Scheme while being a member of EPS-95 , he is eligible for higher pension coverage.
Employees’ Provident Fund Organization (EPFO) has extended the deadline for applying for more pension to Employees’ Pension Scheme (EPS) members. Now eligible EPS members will be able to apply for higher pension till June 26, 2023. Due to this, many problems on the application front were troubled due to lack of clarification, but now they are relieved. Let us tell you that on the demand of EPS members, Atul Sobti, the public sector representative in the EPF board, had written a letter to the Central PF Commissioner asking him to extend the deadline.
Earlier, Atul Sobti, Director General of Standing Conference of Public Enterprises (SCOPE) and representative of Public Sector Enterprises in the Central Board of Trustees of EPFO, wrote a letter to Central Provident Fund Commissioner Neelam Shami Rao asking for online joint option form for higher pension from pension fund manager.
The last date was asked to be extended for at least one month. In the letter, Sobti, referring to the problems of EPS members, said that the EPFO has not issued any clarification regarding the controversial clause in the document, nor has it been removed from the online form, even though the Kerala High Court on April 12 at 10 Instructions have been given to remove the clause within days. In this regard, Sobti had sought clarification from the EPFO on the requirement of prior permission under Para 26(6).