EPFO starts accepting joint options for higher pension
1 year, 9 months ago

EPFO starts accepting joint options for higher pension

The Hindu  

The Employees’ Provident Fund Organisation has enabled a web link on its members’ page on February 27, 2023 allowing employees and pensioners to opt for higher provident fund pension based on actual salary. “The joint option for employees who were in service prior to September 1, 2014, and continued to be in service on or after September 1, 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. There is a separate web link for employees who retired before September 1, 2014 to validate their joint options with the employer. President of National Confederation of Retirees, an all-India federation of associations of retired employees, Gurmukh Singh said in a letter to Central Provident Fund Commissioner Neelam Shami Rao on Monday that forcing about 25,000 pensioners who retired before September 1, 2014 and had not used the then non-existent provisions of submitting joint options under paragraphs 11 and 11 of the EPS to verify their joint options is illogical.

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History of this topic

Higher Pension: Employers must submit wage details by January 2025 to get benefits
2 days, 10 hours ago

Higher Pension: Employers must submit wage details by January 2025 to get benefits

Live Mint  

The Employees' Provident Fund Organisation provides an online facility for submitting wage details by employers for pensions on higher wages. “A final opportunity is being given to the employers till 31.01.2025 to ensure that employers process and upload these pending Applications for Validation of Option / Joint Options,” EPFO said in a statement. Additionally, the EPFO has also asked employers …

EPFO Extends Deadline For Employers To Process Pending Higher Pension Applications; Check Details Here
5 days, 14 hours ago

EPFO Extends Deadline For Employers To Process Pending Higher Pension Applications; Check Details Here

ABP News  

The Employees’ Provident Fund Organisation has extended the deadline for employers until January 31, 2025, to process and upload approximately 3.1 lakh pending applications for the validation of options or joint options under the pension scheme for higher wages. “In spite of so many extensions, it has been observed that more than 3.1 lakh applications for validation of options or …

EPFO: Have you not filed wage details yet? Retirement fund body extends date for last time | Check here
6 days, 2 hours ago

EPFO: Have you not filed wage details yet? Retirement fund body extends date for last time | Check here

India TV News  

Employees' Provident Fund Organisation - a retirement fund body - extended time till January 31, 2025 for employers to upload wage details etc. Accordingly, the last date for submission of applications was extended to July 11, 2023 and a total of 17.49 lakh applications were received from pensioners/members till July 11, 2023. In view of representations received from Employers and …

EPFO high pension: Why have 1.7 million applied for higher EPS contribution?
1 week ago

EPFO high pension: Why have 1.7 million applied for higher EPS contribution?

India Today  

Over 1.7 million Employees' Provident Fund Organisation members have opted for higher pensions under the Employees’ Pension Scheme, following the Supreme Court’s landmark ruling in November 2022. This ruling has brought significant relief for eligible employees, allowing them to contribute to the scheme based on their actual basic salaries instead of the fixed threshold of Rs 15,000 per month. Under …

EPFO key amendments: Now faster claims and more interest benefits for members
1 week, 4 days ago

EPFO key amendments: Now faster claims and more interest benefits for members

India Today  

The Employees Provident Fund Organisation has introduced major changes to provide financial relief and faster claim settlement for Employees Provident Fund members. KEY UPDATE ON INTEREST PAYMENTS EPFO announced that the Central Board of Trustees has approved an important amendment to paragraph 60 of the EPF Scheme, 1952. BENEFITS FOR EPF MEMBERS Speaking to The Economic Times, Puneet Gupta, Tax …

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
3 months ago

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs

News 18  

The Employees’ Provident Fund Organisation has raised the one-time withdrawal limit for provident fund accounts to Rs 1 lakh, doubling the previous limit of Rs 50,000. The EPFO manages the provident fund, pension, and insurance schemes for the organised sector employees in India, primarily through the Employees’ Provident Fund scheme. Mandaviya also announced another key update: the government has relaxed …

What are the issues faced by EPFO pensioners?
3 months, 1 week ago

What are the issues faced by EPFO pensioners?

The Hindu  

The story so far: Nearly 78 lakh Provident Fund pensioners across the country under the Employees’ Pension Scheme, 1995 of the Employees’ Provident Fund Organisation will receive their pension through any bank, any branch from January 1, 2025. The Union Labour Ministry cleared the proposal earlier this month for a Centralised Pension Payment System as part of the EPFO’s ongoing …

EPFO Pension: Here Are The Different Types And Their Benefits
3 months, 3 weeks ago

EPFO Pension: Here Are The Different Types And Their Benefits

ABP News  

EPFO Pension: The Employees' Provident Fund Organisation offers a range of pension options to its members, provided they meet specific criteria. Early Pension Members who qualify for an EPFO pension have the option to start receiving it as early as age 50, although this comes with a reduction of 4 per cent per year. Widow or Child Pension In the …

EPFO: Employers can upload wage details online for higher pension until May 31
11 months, 2 weeks ago

EPFO: Employers can upload wage details online for higher pension until May 31

Live Mint  

The Employees' Provident Fund Organisation on Wednesday said it has extended the last date for employers to upload wage details for higher pension by five months. The extension of time for the employers to upload the wage details online is till May 31, 2024, said the Ministry of Labour and Employment in a statement. Earlier, the deadline to upload wage …

Higher PF pension | Employers get five more months to process applications
11 months, 2 weeks ago

Higher PF pension | Employers get five more months to process applications

The Hindu  

The Employees’ Provident Fund Organisation on Wednesday extended the time for employers for uploading and submitting the joint options of employees to claim higher pension with their wage details online till May 31. The EPFO had started an online facility for submitting applications for validation of option and joint options for pension on higher wages on February 26, 2023 till …

The woes of pensioners and PF members
11 months, 3 weeks ago

The woes of pensioners and PF members

The Hindu  

The Employees’ Provident Fund Organisation ’s recent clarification on the implementation of the 2022 Supreme Court verdict on higher Provident Fund pension seems to have added to the woes of pensioners and PF members. Issues in pension computation In the most contentious matter of pension computation, the clarification, which states that pension will be calculated as per paragraph 12 of …

EPFO FAQs: One year after Supreme Court verdict, EPFO releases FAQs for implementing higher pension
1 year ago

EPFO FAQs: One year after Supreme Court verdict, EPFO releases FAQs for implementing higher pension

The Hindu  

The Employees Provident Fund Organisation, more than a year after the Supreme Court’s verdict on higher Provident Fund pension, has sent to all its units a set of frequently asked questions on implementing the verdict. Trade unions and employers’ representatives have been seeking clarity from the EPFO on the matter, especially on accessing the records of an employee while validating …

Minister promises action on EPFO higher pension delay
1 year ago

Minister promises action on EPFO higher pension delay

The Hindu  

Union Labour Minister Bhupender Yadav met representatives of employees and employers on the Central Board of Trustees of the Employees Provident Fund Organisation here at his office on November 28 and assured them that the Ministry is addressing complaints of delays in processing joint options of employees for higher pension. Representatives of EPFO employees and officers had complained to the …

Higher PF pension | Employers get three more months to validate joint options
1 year, 2 months ago

Higher PF pension | Employers get three more months to validate joint options

The Hindu  

The Employees Pension Fund Organisation on September 29 has extended the time for employers to upload and validate the joint options and wage details of employees for higher provident fund pension. To implement the Supreme Court order of November 4, 2022 on the matter of higher PF pension, the EPFO had launched a window in the members’ portal to submit …

Pre-2014 retirees may move court against validity of EPFO circulars
1 year, 3 months ago

Pre-2014 retirees may move court against validity of EPFO circulars

The Hindu  

Despite suffering a setback in the Supreme Court last month, a section of pre-2014 retirees covered under the Employees’ Pension Scheme 1995 of the Employees’ Provident Fund Organisation is exploring the possibility of challenging legally the validity of EPFO’s circulars issued in December 2022 and January 2023. Indicating this, Dada Tukaram Zode, national legal adviser, Employees Pension Co-ordination Committee, points …

Keep it simple: The Hindu Editorial on opting for higher pension
1 year, 5 months ago

Keep it simple: The Hindu Editorial on opting for higher pension

The Hindu  

The move by the Employees’ Provident Fund Organisation to extend the deadline, for a third time, for employees and pensioners to exercise the joint option for higher pension is of limited relief, as several issues remain unresolved. As the entire process is an outcome of the Supreme Court judgment of November 2022 on the validity of amendments made in 2014 …

EPFO extends deadline to apply for higher pension till July 11
1 year, 5 months ago

EPFO extends deadline to apply for higher pension till July 11

The Hindu  

The Employees’ Provident Fund Organisation has extended the deadline for members and pensioners to apply for higher Provident Fund pension till July 11 The deadline was to expire on June 26. The EPFO said it would be the “last opportunity” for employees to submit the joint options to get pension on higher wages. Over 16 lakh applications received The EPFO …

Higher EPF Scheme | Extend deadline, simplify application process, employers tell EPFO
1 year, 6 months ago

Higher EPF Scheme | Extend deadline, simplify application process, employers tell EPFO

The Hindu  

Higher EPF Scheme As the June 26 deadline to submit joint options to claim higher provident fund pensions nears, several employers and their representatives are learnt to have approached the Employees Provident Fund Organisation, seeking an extension, as well as a simplified process. Considering this, I am sure the EPFO will extend the date of joint submission,” he said, adding …

Applications for higher pensions under EPS to be assessed within 20 days of receipt: EPFO
1 year, 6 months ago

Applications for higher pensions under EPS to be assessed within 20 days of receipt: EPFO

Hindustan Times  

The joint applications for higher pensions under the Employees' Pension Scheme will have to be scrutinised within 20 days of receipt, the Employees' Provident Fund Organisation has directed its field officers. “Hence, it is reiterated that each Applications for Validation of Joint Option/Joint Option shall be scrutinized expeditiously and it shall be ensured that Demand Letter to Employer/Communication to Employer …

Higher pension: EPFO directs offices to calculate dues with interest
1 year, 7 months ago

Higher pension: EPFO directs offices to calculate dues with interest

The Hindu  

The Employees’ Provident Fund Organisation has issued an internal circular directing its regional offices on the method to calculate the dues of subscribers who apply for higher PF pension. According to the circular, 8.33% of employer share on higher pay from November 16, 1995 or from the date the pay exceeds the wage ceiling of ₹6,500 and 1.16% of employer …

How to get a higher pension in current EPFO ruling explained
1 year, 7 months ago

How to get a higher pension in current EPFO ruling explained

Live Mint  

The Employees' Provident Fund Organisation has come up with a procedure for a contribution towards higher EPS pension. According to the labour ministry, the additional contribution of 1.16 per cent of basic wages for subscribers opting for higher pensions will be managed from employers' contributions. Employees Pension Scheme calculation At present, the government pays 1.16 per cent of basic wages …

Give an opportunity to pre-2014 retirees to avail of higher PF pensions: Kerala MP
1 year, 7 months ago

Give an opportunity to pre-2014 retirees to avail of higher PF pensions: Kerala MP

The Hindu  

The demand to provide an opportunity to those pensioners who came under the Employees’ Pension Scheme of the Employees’ Provident Fund Organisation and retired prior to September 1, 2014, without exercising the joint option to avail themselves of higher PF pensions, has been renewed by John Brittas, Member of Parliament from Kerala. In a seven-page letter sent to the Union …

EPFO: New deadline to apply for higher pension. Check details here
1 year, 7 months ago

EPFO: New deadline to apply for higher pension. Check details here

Live Mint  

In order to provide a larger window of opportunity and in order to enable all eligible persons to file their applications, the Employees' Provident Fund Organisation has extended the date for filing applications to opt for a higher pension. The Supreme Court initially set a four-month deadline from the judgment date for eligible employees who were members of the EPF …

EPFO extends deadline to apply for higher pension till June 26
1 year, 7 months ago

EPFO extends deadline to apply for higher pension till June 26

Hindustan Times  

Employees' Provident Fund Organisation on Tuesday extended the date for filing applications to opt for a higher pension till June 26, 2023. Here's how to check your PF balance According to the statement by the ministry of Labour and Employment, the timeline for filing applications has been extended in order to provide a larger window of opportunity and in order …

EPFO extends deadline to apply for higher pension till June 26
1 year, 7 months ago

EPFO extends deadline to apply for higher pension till June 26

Live Mint  

Retirement fund body EPFO on Tuesday extended the deadline to apply for higher pension till June 26. EPFO has made arrangements for obtaining applications for the validation of option / joint option from pensioners / members as per the Hon’ble Supreme Court order dated 4 November 2022. Earlier, the Supreme Court in its order on November 4, 2022 had mandated …

Government extends date to opt for higher EPF pension to June 26
1 year, 7 months ago

Government extends date to opt for higher EPF pension to June 26

The Hindu  

The Centre has extended the time to submit joint options to claim higher provident fund pension till June 26. They said such a requirement, while submitting the joint options for higher pension, is designed to discourage and disqualify applications for higher pensions. They added that the calculation of the actual quantum of money to be recovered from the provident fund …

3 May is the deadline for higher EPFO pension: Should you opt for it?
1 year, 7 months ago

3 May is the deadline for higher EPFO pension: Should you opt for it?

Firstpost  

Tomorrow is the last day to apply for a higher pension under the Employees’ Pension Scheme. Experts say employees must consider a variety of factors including their own finances, the pension they are likely to receive and the EPF sum they are giving up before taking such a call Wednesday is the last day employees can choose a higher pension …

Higher pension from EPF: Will EPFO extend the deadline?
1 year, 7 months ago

Higher pension from EPF: Will EPFO extend the deadline?

Live Mint  

With less than 2 days left for individuals to apply for higher pensions under the Employees' Pension Scheme, the question is: Will EPFO extend the deadline? The EPFO issued a circular on 23 April in which it stated that applications and joint options for higher pension will be examined by the field office. Now, on demand of the employees’/employers’ associations …

Higher pension | EPFO to wait for number of applicants before releasing calculation process
1 year, 7 months ago

Higher pension | EPFO to wait for number of applicants before releasing calculation process

The Hindu  

Even as the last date to file joint options to claim higher Provident Fund pension ends on May 3, the Centre has decided to wait for the total number of applicants before releasing the procedures to calculate the pension and the share of employees. The amendments to the Employees’ Pension Scheme of 1995 to decide the future of the Centre’s …

As EPFO higher pension scheme deadline arrives, check eligibility, interest rate and other details
1 year, 7 months ago

As EPFO higher pension scheme deadline arrives, check eligibility, interest rate and other details

Hindustan Times  

The Employees’ Provident Fund Organisation has set May 3 as the last date to submit an application for higher pension under the Employees' Pension Scheme. Employees who became members before 1 September 2014 and continue to be one can apply for higher pension. Documents to submit Employees should share an agreement to allow the transfer of funds from the provident …

Higher pension from EPFO: Deadline, Eligibility, interest rate and other details
1 year, 7 months ago

Higher pension from EPFO: Deadline, Eligibility, interest rate and other details

Live Mint  

With just less than a week left for individuals to apply for higher pensions under the Employees' Pension Scheme, the Employees’ Provident Fund Organisation has issued new details for scrutiny of information and wage details submitted by the employee and employer for higher pension. Confusion over EPFO note on higher pension As per Amit Gupta, MD, SAG Infotech, EPFO in …

Regional PF officers given one month to examine joint options for higher pension
1 year, 7 months ago

Regional PF officers given one month to examine joint options for higher pension

The Hindu  

The Employees’ Provident Fund Organisation has released yet another circular on implementing the Supreme Court order on higher PF pension. Regional Provident Fund officers were given one month’s time to examine the joint options for higher pension submitted by employees and employers. The circular released by Regional PF Commissioner Aprajita Jaggi on April 22 said the applications and joint options …

EPFO addresses concerns over higher pension under EPS in its official circular
1 year, 7 months ago

EPFO addresses concerns over higher pension under EPS in its official circular

Firstpost  

The Employees’ Provident Fund Organisation has released a circular addressing concerns raised by employees and pensioners when applying for higher pension under the Employees’ Pension Scheme. The EPFO extended the deadline for submitting the joint application form for higher pension from the Employees’ Pension Scheme to 3 May, which was originally set for 3 March, 2023. The notification provides clarification …

From PF Settlement, Pension To Nomination: 5 Types Of Provident Fund Forms
1 year, 8 months ago

From PF Settlement, Pension To Nomination: 5 Types Of Provident Fund Forms

News 18  

The Employees’ Provident Fund Organisation is a statutory body that manages the Employees’ Provident Fund and other schemes related to the welfare of an employee. We have listed down a few types of EPFO forms that employees must have information about: –Form 19: This form is used to withdraw the EPF balance after leaving the job. The employer is required …

Minister clears the air over clause restricting persons opting for higher PF pension
1 year, 8 months ago

Minister clears the air over clause restricting persons opting for higher PF pension

The Hindu  

Union Labour Minister Bhupender Yadav on Thursday clarified that employees and pensioners covered under the Employees’ Pension Scheme of 1995, “are not restricted from filing application forms/ joint options,” in the absence of the requirement of permission under paragraph 26 of the Employees’ Provident Fund Scheme, 1952. Replying to a set of questions raised by John Brittas, Communist Party of …

More than one lakh people opted for higher PF pension, Centre tells Rajya Sabha
1 year, 9 months ago

More than one lakh people opted for higher PF pension, Centre tells Rajya Sabha

The Hindu  

The Centre on Thursday informed Rajya Sabha that 1,20,279 employees have submitted joint options at the Employees’ Provident Fund Organisation portal for higher pension. Answering a question from Communist Party of India MP John Brittas, Minister of State in Union Labour Ministry Rameswar Teli said the total number of beneficiaries of the Supreme Court judgement on higher PF pension will …

EPF Pension | Kerala High Court Seeks EPFO Response On Plea Challenging Condition To Show Proof Of Giving Higher Pension Option
1 year, 9 months ago

EPF Pension | Kerala High Court Seeks EPFO Response On Plea Challenging Condition To Show Proof Of Giving Higher Pension Option

Live Law  

A plea has been filed in the Kerala High Court challenging the requirement of submission of proof of having opted for paying higher Provident Fund contribution under paragraph 26 of the Employees Provident Fund Scheme, towards the higher PF pension. Justice Ziyad Rahman A.A., on Wednesday, admitted the plea, and granted time to the EPFO to submit counter affidavit in …

Maharashtra power utilities’ trust seeks EPFO nod with retrospective effect for higher pension
1 year, 9 months ago

Maharashtra power utilities’ trust seeks EPFO nod with retrospective effect for higher pension

The Hindu  

With a view to making employees and a section of retired employees of the State power utilities in Maharashtra eligible for higher Provident Fund pension, the MSEB Contributory Provident Fund Trust has sought permission of the PF authorities with retrospective effect for exercising joint option under paragraph 26 of the Employees PF Scheme. The power utilities in question are the …

EPF Board meet pushed to March 27-28
1 year, 9 months ago

EPF Board meet pushed to March 27-28

The Hindu  

The government on Monday announced the deferral of a meeting of the Employees’ Provident Fund Organisation board, where it is expected to finalise the EPF rate to be paid on crores of formal sector workers’ retirement savings in its custody for 2022-23. Chaired by Union Labour and Employment Minister Bhupender Yadav, the board of trustees of the EPFO was earlier …

EPFO Extends Deadline to Opt for Higher Pension for Members Retired in Sep 2014
1 year, 9 months ago

EPFO Extends Deadline to Opt for Higher Pension for Members Retired in Sep 2014

News 18  

All eligible pensioners under the Employees’ Pension Scheme 1995 who retired before September 2014 can apply to opt for a higher pension by May 3 this year. On Monday, Parliament was informed that the deadline for eligible pensioners under the Employees Pension Scheme 1995, who retired before September 2014, to opt for higher pension ended on March 3 this year. …

Reprieve for EPS subscribers retired before September 1, 2014
1 year, 9 months ago

Reprieve for EPS subscribers retired before September 1, 2014

The Hindu  

Following demands from various employees’ and employers’ associations, Union Labour Minister Bhupender Yadav on March 13 extended the time for submitting applications for validation of joint options for higher Provident Fund pension for employees retired before September 1, 2014, till May 3, 2023. The Ministry had earlier extended the date of submission of joint options for Employees Pension Scheme subscribers …

All you need to know about EPF higher pension scheme
1 year, 9 months ago

All you need to know about EPF higher pension scheme

Hindustan Times  

The Employees Provident Fund Organisation has issued new guidelines under which subscribers and employers can jointly apply for a higher pension under the Employees' Pension Scheme. How to apply for a higher pension on the EPF portal: - Visit EPFO Unified Member portal - Select "Pension on higher salary: Exercise of joint option on or before May 3, 2023" - …

Confusion in opting for higher pension using EPFO link: CITU
1 year, 9 months ago

Confusion in opting for higher pension using EPFO link: CITU

The Hindu  

Centre of Indian Trade Unions general secretary Tapan Sen has written a letter to Central Provident Fund Commissioner Neelam Shami Rao demanding her immediate intervention to resolve the problems in uploading the higher pension option application on the EPFO website. Higher pension | Eligible EPFO members can apply till May 3 Practical problems The former Rajya Sabha member said pensioners …

EPF Pension : Kerala High Court Restrains EPFO From Reducing Higher Pension Received By Petitioners
1 year, 9 months ago

EPF Pension : Kerala High Court Restrains EPFO From Reducing Higher Pension Received By Petitioners

Live Law  

The Kerala High Court on Wednesday, while considering the plea moved by persons aggrieved by the abrupt discontinuance or reduction of the pension that was being received by them, directed that the same shall not be curtailed, limited or stopped without specific orders from the Court. The petitioners herein, who are covered under the provisions of the Employees Provident Fund …

Is the higher pension scheme worth it? All you need to know
1 year, 9 months ago

Is the higher pension scheme worth it? All you need to know

India Today  

The Employees Provident Fund Organisation has announced a new set of guidelines for employees who want to increase their pension. EPF HIGHER PENSION: NEW GUIDELINES A disclaimer should be included in the joint option/higher pension claim application. EPF HIGHER PENSION: DOCUMENTS REQUIRED The following papers should be supplied with the higher pension claim application: Evidence of a joint option is …

EPFO sets May 3 as deadline for subscribers to opt for higher pension
1 year, 9 months ago

EPFO sets May 3 as deadline for subscribers to opt for higher pension

India TV News  

The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The deadline accordingly should have been around March 3, 2023, but EPFO only last week came out with the procedure for opting for higher pension under the Employees' Pension Scheme. Last week, EPFO came out with a procedure to …

EPFO sets May 3 as deadline for subscribers to opt for higher pension
1 year, 9 months ago

EPFO sets May 3 as deadline for subscribers to opt for higher pension

Deccan Chronicle  

New Delhi: The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per …

EPFO sets deadline for subscribers to opt for higher pension set as May 3
1 year, 9 months ago

EPFO sets deadline for subscribers to opt for higher pension set as May 3

Hindustan Times  

The Employees' Provident Fund Organisation on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2024, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of …

Higher pension | Eligible EPFO members can apply till May 3
1 year, 9 months ago

Higher pension | Eligible EPFO members can apply till May 3

The Hindu  

All eligible members can opt and apply jointly with their employers for higher pension till May 3, 2023 at unified members' portal of retirement fund body EPFO. EPFO issues guidelines for employees, pensioners to opt for higher pension In an office order, EPFO had provided for dealing with the ''Joint Option Form'' by field offices of the body. EPFO has …

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