Epfo last date to apply 2023

The Employees Provident Fund Organisation (EPFO) has extended the deadline for subscribers to opt for higher pensions as directed by the Supreme Court. The last date to apply for the higher pension has been extended by 60 days. Employees will now be able to apply for a higher pension till May 3, 2023. The link to apply for the higher pension is, however, not fully functional. You can access the higher pension online link by visiting the unified portal of EPFO. It is expected that EPFO will soon make the link functional and provide further details on the application process and the pension calculation. (Also read: Rs 2000 deposit, exchange last date: Daily limit, where you can return Rs 2000 notes and from when The last date to apply for EPFO’s higher pension option is May 3, 2023. “The joint option for employees who were in service prior to September 1, 2014 and continued to be in service on or after 01.09.2014 but could not exercise joint option under the Employees’ Pension Scheme can do so now on or before May 3, 2023,” EPFO said on its website. Also Read: The higher pension option will be applicable for employees who have been contributing to the EPF and Employees Pension Scheme (EPS) since before September 1, 2014. Under this option, employees will be able to contribute 8.33% of their actual basic pay+dearness allowance towards EPS. Currently, the EPS contribution is capped at the maximum pensionable salary of Rs 15,000.

The Employees’ Provident Fund Organisation ( “The EPFO has made arrangements for obtaining applications for validation of option/joint option from pensioners/members as per the Supreme Court order dated November 4, 2022. To facilitate this process, the online facility has been made available. More than 12 lakh applications have been received till date. The online facility was to remain available only till May 3, 2023,” the pension fund body said in a late evening statement on May 2, 2023. “Many representations have been received from various quarters seeking extension of time. The issue has been considered, and it has been decided that in order to provide a larger window of opportunity, and, in order to enable all eligible persons to file their applications, the timeline for filing applications would now be till June 26, 2023,” it added. “The timeline is being extended to facilitate and provide ample opportunity to the pensioners/members to ease out any difficulty being faced by them. This has been decided after sympathetically considering the various demands received from employees, employers and their associations,” it further added. Meanwhile, the labour & employment ministry in a Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at [email protected] Related Posts EPFO circular clarifies how much to pay to get higher pension. Fully complied with SC order on higher EPS pension: Ministry. H...

Synopsis The Employees Provident Fund Organisation (EPFO) has activated the link for online application form for those EPS members who missed the earlier opportunity to apply for higher pension. On the Member e-Sewa portal of EPFO, it is mentioned that these eligible employees have time till May 3, 2023, to submit application form along with other required documents for higher pension. Thus, one can say that EPFO has extended deadline to apply for higher pension under EPS. till May 3, 2023. There is good news for a certain category of Employees’ Pension Scheme (EPS) members. The Employees Provident Fund Organisation (EPFO) has allowed certain eligible members to apply for higher pension under the EPS till May 3, 2023. Do note that the Supreme Court in its judgement dated November 4, 2022, had allowed 4 months to apply for a higher pension under EPS. Consequently, as per the SC order, the last date to apply for a higher pension under EPS was March 3, 2023. The window to apply for a higher pension till May 3, 2023, is only available to those employees who were members of EPF on September 1, 2014, and continued to be members of the EPF on or after September 1, 2014, but missed the opportunity to apply for higher pension before the expiry of earlier deadline. The employees who retired prior to September 1, 2014, and opted for higher pension under the pension scheme, made their contributions but their application, later on, was rejected by the EPFO must submit their application...

By Press Trust of India: Retirement fund body EPFO has extended the date for filing applications to opt for a higher pension till June 26, 2023. In order to provide a larger window of opportunity and in order to enable all eligible persons to file their applications, the timeline for filing applications would now be till 26th June, 2023, according to a statement. "The EPFO (Employees' Provident Fund Organisation) has made arrangements for obtaining applications for validation of option/joint option from pensioners/members as per the Supreme Court order on November 4, 2022," labour ministry said in a statement. To facilitate this process, online facility has been made available. More than 12 lakh applications have been received till date. The online facility was to remain available only till May 3, 2023. In the meantime, many representations have been received from various quarters seeking extension of time. The issue has been considered and it has been decided that in order to provide a larger window of opportunity and in order to enable all eligible persons to file their applications, the timeline for filing applications would now be till 26th June, 2023, it stated. The timeline is being extended to facilitate and provide ample opportunity to the pensioners/members so as to to ease out any difficulty being faced by them. This has been decided after sympathetically considering the various demands received from employees, employers and their associations, it stated.