Now you have a chance to get more pension than before. You have only one month left to apply for it. Yes… If you do not apply till May 3, you will not get the increased pension.

Government has extended the date

Employees’ Provident Fund Organization (EPFO) has told that you can apply till May 3, 2023 to get more pension. The application date has been extended by EPFO. Earlier, the last date to apply for this was March 3, but now the government has extended it for two months.

Information received from EPFO

​​Members of Employees’ Provident Fund Organization (EPFO) will be able to apply jointly with their employers till May 3, 2023 by opting for more pension. They will have to apply for this on the Integrated Member Portal of the Retirement Fund Organization. Earlier it was believed that March 3, 2023 was the last date for opting for higher pension. The recently activated URL on EPFO’s Unified Member Portal clearly shows that the last date for opting for higher pension is May 3, 2023.

The court has also issued orders.

Let us tell you that earlier the Supreme Court had said in its order on November 4, 2022 that EPFO ​​will have to give four months time to all eligible members to opt for higher pension. The term ends on March 3, 2023. This gave the impression that its last deadline is March 3, 2023.

Last week, the pension was increased in 2014.

EPFO ​​had released the details of its process last week. It was told that the shareholders and their employers can jointly apply for higher pension under the Employees’ Pension Scheme (EPS). In November 2022, the Supreme Court upheld the Employees Pension Scheme, 2014.

Earlier, the EPS revision of August 22, 2014 increased the pensionable salary limit from Rs 6,500 per month to Rs 15,000 per month. Also, members and their employers were allowed to contribute 8.33 per cent of their actual salary to the EPS. EPFO has issued a circular in this regard to its field offices.

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A decision in this regard was taken in the weekly cabinet meeting chaired by Chief Minister Eknath Shinde here. The Maharashtra government on Thursday increased the pension of freedom fighters who participated in the Indian Freedom Struggle, Marathwada Liberation War and Goa Liberation War from Rs 10,000 to Rs 20,000 per month. A decision in this regard was taken in the weekly cabinet meeting chaired by Chief Minister Eknath Shinde here.

This proposal regarding EWS category was also passed

The cabinet also passed a resolution allowing socially and educationally backward class candidates (Marathas) to avail quota for jobs under the Economically Weaker Section (EWS) category. According to a statement issued from the Chief Minister’s Office (CMO), the cabinet has started the recruitment process in this regard after September 9, 2020.

Resolution passed regarding Kisan Samiti elections

According to the statement, a resolution allowing farmers whose names are not included in the voter list to contest the Agricultural Produce Market Committee (APMC) elections was also passed. The cabinet also approved a proposal to raise Rs 35,629 crore through debt to finance road development projects in the state. This will also help to expedite land acquisition for such projects.

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Life Insurance Corporation of India is trusted the most to insure people across the country. In today’s time people are investing heavily in life insurance policies. If you also want to make a secure investment, then LIC has come up with a great plan for you. On investing in this, the pension you will get for the first time, the same pension will continue to be available for the whole life.

LIC Saral Pension Yojana-

In this news, we are going to tell you about LIC’s Saral Pension Yojana. This is an Immediate Annuity plan. You start getting pension as soon as you take the policy in it, it is a single premium pension plan.

Don’t wait for the age of 60

The best thing in this is that after taking this policy, you will get the same pension as the first time. You will continue to get the same pension for the rest of your life. After investing in this, you do not need to wait for more than 60 years of age for pension. In this scheme, you start getting pension even at the age of 40.

Take advantage of the scheme like this-

Let us tell you that you can take advantage of Saral Pension Yojana in two ways. The first in this is single life, in which the policy will be in the name of any one. On his death the amount of base premium is received by the nominee. Also the second option is joint life. In this both husband and wife are covered. First the primary pensioner gets pension and after his death pension will be given to his spouse. If both of them die then after their death the amount of base premium will be given to the nominee in their next of kin.

These people can take the plan-

People of minimum 40 years and maximum 80 years can take advantage of this plan. In this, the pension continues to be received as long as the pensioner is alive. Also, the policy can be closed anytime after 6 months of inception. In this, you can take pension every month, every 3 months, every 6 months or once in 12 months.

What is the condition

In this plan, you will start getting loan after the first 6 months. You can exit the scheme after 6 months. In this, a fixed interest of 5 percent is available every year. You will get pension as long as you are alive.

You will get a pension of Rs 1 lakh like this-

In this scheme, you will have to take a minimum annual pension of Rs 1,000 per month or Rs 12,000. You will have to invest 2.5 lakhs for this. There is no limit to take most of the pensions in this. You can get a pension of Rs 50250 every year by paying a single premium of Rs 10 lakh. Here you should be 40 years old. Similarly, for an annual pension of Rs 1 lakh, you will have to invest a lump sum of Rs 20 lakh.

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