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Labour Laws Central Ministry of Labour and Employment Employees' Provident Funds and Miscellaneous Provisions Act, 1952

EPFO issues guidelines for submitting employee employer joint option for higher pension under the Employees Pension Scheme

20-Feb-2023 | Pension/2022/56259/6541

Employees Provident Fund Organisation (EPFO) has issued guidelines giving procedure for eligible employees to apply for high pension under the Employees Pension Scheme (EPS). Even employees who had not earlier applied for higher pension but were entitled to do so can now do as per the deadline to apply for higher pension under EPS with effect from 20th February 2023.
The following employees with their employers may submit joint option under para 11(3) and 11(4) to concerned regional office:
i. The employees and employers who had contributed under paragraph 26(6) of EPF scheme on salary exceeding the prevalent wage ceiling of Rupees 5000 or Rupees 6500.
ii. Did not exercise joint option under the proviso to para 11(3) of pre amended scheme (since deleted) while being members of EPS.
iii. They were members prior to 1st September 2014 and continued to be a member on or after 1st September 2014.
Thus, any employee who was member of Employees Provident Fund as on 31st August 2014 and did not opt for higher pension under the EPS, has an option to opt for the same.
For further information , refer to the document.

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