Employees Provident Fund: Employees ‘ Provident Fund Organization (EPFO) has issued a circular regarding higher pension for eligible employees.
On Thursday, EPFO has directed its local offices to implement it. EPFO has issued this circular on December 29 to comply with the Supreme Court’s directive. In this circular, information has been given about which employees will get higher pension and how to apply for it online.
Who can get higher pension?
The circular states that only those employees are eligible, who have compulsorily contributed higher wages under the Employees’ Provident Fund (EPF) scheme and opted for higher pension before retirement. But his request was clearly rejected by EPFO.
Employees’ Provident Fund Organization (EPFO) said that the members who had contributed for pension on salary above the salary limit of Rs 5 thousand or Rs 6 thousand 500 and opted for higher pension would be given this benefit.
Who will not get higher pension from EPF
According to the circular, employees after the order of the Supreme Court dated November 4, 2022 will not be eligible under the Higher Pension Scheme. At the same time, the employees who retired before September 1, 2014, without exercising any option, have also been out of its membership. According to the amendment of 2014, only those employees who exercise the option will be given this benefit.
How to apply for higher pension
If you are eligible to get higher pension then you can apply for pension by visiting the local office. You will also have to carry the completely filled application form and relevant documents along with you. The application form will have to be done according to the method specified by the commissioner. Then verification has to be done. If any mistake is found under the order, the application can also be canceled. In case of adjustment, the pension applicant can get consent.
If in any case money is sent from Provident Fund Trust to EPFO, then the trustee will have to inform about it. The payment along with interest will be deposited in a few days.
Documents for Higher Pension
- Proof of option u/s 26(6) of EPF Scheme
- Proof of option u/s 11(3) attested by the employer
- proof of deposit
- Proof of deposit in Pension Fund on salary exceeding the salary limit of Rs.5,000 or Rs.6,500
- Evidence in writing of refusal from APFC or any other
