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. 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.
EPFO Pension Update: There is important news for the employees-account holders of Employees Provident Fund Organization (EPFO). EPFO has started the process of applying for more pension under the Employees’ Pension Scheme (EPS), according to which the subscriber and the employer will be able to apply jointly till March 3 to increase the pension. In view of this, EPFO has recently issued a guideline. The employees who retired before September 2014 will get the benefit of pension.
EPFO is giving an opportunity to the account holders to apply under the Employees Pension Scheme. It has been mentioned in this guideline that the member and the employer will be able to apply jointly under EPS. The special thing is that pensioners who have retired till August 31, 2014 will not be given this benefit, while people connected to EPS on or after September 1, 2014 will be given the option of getting more pension, under the same new guideline. Employees are also eligible to get more pension and how can they apply online to get its benefits.
They will get benefit
- 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.
- 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.
- 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.
- 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.
- 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
- EPFO said that a facility will be given, for which the URL (Unique Resource Location) will be told soon.
- After receiving this, the Regional PF Commissioner will give information through notice boards and banners for wide public information. Each application will be registered, logged digitally and a receipt number will be given to the applicant.
- The Officer-in-Charge of the Regional Provident Fund Office concerned will examine each case of joint option on higher pay.
- 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.
Supreme gave this decision
In fact, in November 2022, the Supreme Court upheld the Employees Pension (Amendment) Scheme 2014. Earlier, the EPS revision of August 2014 increased the pensionable salary limit from Rs 6,500 per month to Rs 15,000 per month. The same subscribers and their employers were allowed to contribute 8.33 per cent of their actual salary to EPS. EPFO has issued a circular in this regard to its field officers. The Supreme Court ruled on November 2022 that March 3 is the deadline to apply for higher pension. Eligible subscribers who could not apply earlier can also apply now.
Apply like this
- First of all, one has to visit the nearest EPFO office.
- You have to submit the application form and all the required documents.
- If you are submitting a joint application, then you have to choose the option of disclaimer and declaration.
- To make adjustments from PF to pension fund, the consent of the employee will be required in the joint form.
- After submitting the application form, you will be told the URL after some time.
