The Employees’ Provident Fund Organization (EPFO) has announced an extension of the deadline for members to apply for increased pension benefits.
This relief measure comes as good news for EPFO members who were facing difficulties in applying for higher pensions.
The deadline for application submission has been extended until July 11, providing additional time for eligible individuals to avail themselves of this opportunity.
This extension follows two previous deadline extensions, highlighting the organization’s commitment to supporting its members.
Eligibility Criteria: To be eligible for increased pension benefits under the EPFO, certain conditions must be met.
Employees who joined the Employee Pension Scheme (EPS) on or after September 1, 2014, and have a basic salary exceeding Rs 15,000 per month are not eligible for increased pension benefits.
Currently, the maximum pensionable salary is also capped at Rs 15,000 per month.
Application Process: EPFO members who meet the eligibility criteria and wish to apply for higher pension benefits need to visit their nearest local EPFO office.
They are required to fill out an application form and submit all the necessary documents along with it. It is important to include a disclaimer in the application form, validating it as per the guidelines provided in the previous government notification.
Each application will undergo a digital data evaluation, and a receipt number will be issued to the applicant.
The decision on the application will be communicated to the individual through email or SMS after the assessment process.
Conclusion: With the extended deadline, EPFO members now have an opportunity to apply for increased pension benefits.
By providing relief to those facing difficulties in applying, the EPFO aims to ensure that eligible individuals can benefit from enhanced pension provisions.
Members are encouraged to visit their nearest EPFO office, complete the application process, and submit the required documents to avail themselves of this opportunity and secure a higher pension for their future.
