Key Points
The Employees' Provident Fund Organisation (EPFO) issued circulars on December 29, 2022, and February 20, 2023, providing instructions to eligible employees on submitting applications for higher pension under the Employees' Pension Scheme (EPS)...
Mallika Noorani, Senior Partner, Parinam Law Associates, says, "The EPFO had opened the online portal for employees who retired prior to September 1, 2014, and were eligible for higher pension under the EPS..
For existing members of the EPFO who are eligible to apply for the higher pension under the EPS, the online portal has been opened after the issuance of a circular on February 20, 2023."..
Select "Application form for joint options - Joint options under erstwhile para 11 (3) and para 11 (4) of EPS 1995 for employees who were in service prior to 1st September 2014 and continued to the in service on or after 01.09.2014 but could not exercise joint option under erstwhile provision to para 11 (3) of EPS 1995 to be exercised on or before 3rd May 2023."..
Proof of joint option under para 26(6) of the EPF Scheme duly verified by the employer Proof of joint option under the proviso to Para 11 (3) of the pre-2014 amendment EPS duly verified by the employer Proof of remittance in the provident fund on higher wages exceeding the prevalent wage ceiling of Rs 5,000 or Rs 6,500, as the case may be Proof of remittance in the pension fund on higher wages exceeding the prevalent wage ceiling of Rs 5,000 or Rs 6,500, as the case may be Written refusal of the Assistant Provident Fund Commissioner or any higher authority of EPFO to such requests/remittances..
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