The Employees Provident Fund Organization (EPFO) has given its subscribers an opportunity to increase their pension. Following the decision of the Supreme Court, EPFO has issued a circular.
new Delhi. Employee Provident Fund Organization ie EPFO has issued a circular regarding higher pension for eligible employees. Retirement fund body EPFO on Thursday directed its local offices to implement it. PF regulator EPFO has issued this circular on December 29 to comply with the Supreme Court’s directive.
According to the circular, only those employees are eligible, who have compulsorily contributed higher wages under the EPF scheme and exercised their option for higher pension before their retirement, but their requests have been categorically rejected by the EPFO. Had done it.
They are allowed to apply
- The EPS member who had contributed for pension on salary above the salary limit of Rs 5,000 or Rs 6,500 and opted for higher pension will be given this benefit.
- While being a member of EPS-95, exercised the combined option under the EPS of the Pre-Amendment Scheme.
- His exercise of this option was rejected by EPFO.
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
How to apply for getting higher pension
Eligible EPS members will have to go to the concerned regional EPFO office along with the application form and necessary documents. The request shall be made in such form and manner as may be specified by the Commissioner. The application for verification shall contain a disclaimer as mandated in the above Government Notification.
The Supreme Court had said these things
The Supreme Court had said that the employees who were members of the existing EPS-95 as on September 1, 2014, can contribute up to 8.33 percent of the actual salary. 8.33% of the pensionable salary subject to a ceiling of Rs 15,000 per month.
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