Following the order of the Supreme Court, EPFO has given a wonderful gift to some pensioners before the new year. Now the way has been cleared for some pensioners to get more pension. Know who will be entitled to it…
The Employees’ Provident Fund Organization (EPFO) has now cleared the way for some pensioners to get more, following an order given by the Supreme Court in November. However, pensioners who have retired till August 31, 2014 will not get the benefit, while those who joined the EPS scheme on or after September 1, 2014, will have the option of getting higher pension. For this also, EPFO has issued rules related to eligibility and procedure.
According to the recent guidelines of EPFO, employees will now get a chance to deposit an amount equal to 8.33 percent of their actual salary in EPS. Its maximum limit will be Rs 15,000 per month.
These people will get more pension
EPFO opens a new window. This is for such employees who, while being a member of EPS at the time of their employment, have contributed towards pension on more than the salary limit of Rs.5000 or Rs.6500.
While being a shareholder of EPFO, who has used the joint option of pre-amendment scheme under EPS while being a member of EPS-95. Or those EPFO subscribers who opted for such option but were refused by EPFO.
How to apply for more pension
EPFO says that if the eligible people wish to get more pension, then for this they will have to go to the regional office of EPFO. After going there, the application form will have to be filed for this. Along with this, proper documents will also have to be submitted.
Some things have to be kept in mind while filling the application form
