Discover the Latest EPFO Higher Pension 2023 Increase | 25,000 पेंशनभोगियों के लिए बड़ी खबर, अब इतनी मिलेगी पेंशन
Get the latest update on the 2023 EPFO Higher Pension plan and learn how it will affect your retirement savings. Find out now!
EPFO Higher Pension 2023: The latest round of Employees’ Provident Fund Organisation’s review of cases for better pension for those retiring before September 2014 has raised concerns among some retirees. That they would lose that blessing! What he got last time! received ! Have had it for 5 years!
EPFO Higher Pension 2023
The Employees’ Provident Fund Organization said that individuals who have contributed to pension on income above the income limit of Rs 5,000 or Rs 6,500 and have opted for a better pension can accept this benefit. ! ,
The circular states that only those employees are eligible who have compulsorily contributed better wages under the Employees’ Provident Fund (EPF) scheme. And opted for better employee pension scheme before retirement! But in reality EPFO has rejected their applications!
Pension should not be given from January 2023: EPFO Higher Pension 2023
In other words, far from ensuring that such seniors will not be given additional pension from January 2023!
According to the circular, now their pension will be revised on the basis of pay scale of 5,000 or 6,500. Employees’ Provident Fund Organization cited some parts of the November 2022 decision of the Supreme Court in the context of its proposal!
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The problem of most pensionable benefits was addressed in Article 11(3).
It additionally refers to an agreement between workers and employers, in which a proportionate proportion of the employers’ contribution on wages in excess of the statutory limit shall be allocated to the pension budget. allowed !
The second item of the clause was omitted under the Employees’ Provident Fund Organization pension scheme amendments with effect from 1 September 2014.
Thousands of retired people will be harmed
Pensioners’ rights activist Parveen Kohli challenged that the modern option could harm hundreds of retirees. He accused the EPFO of excessive arbitrariness in releasing one of these rounds. He said that the round distorts information and details. Hides!
In the 2003 OTIS Elevator case, the Supreme Court upheld EPS-95. Pension of 24,672 people gets revised later! As per the Employees’ Provident Fund Organisation’s circular, before any pension entitlement is revised,
strong notification should be sent to the pensioner so that he has an opportunity to confirm that he has retired before September 1, 2014. It is done !
Who will not get the benefit of higher pension from EPF
According to the circular, after the order of the Supreme Court on November 4, 2022, the employees will not be eligible under the Employees Higher Pension Scheme.
At the same time, employees who retired before September 1, 2014 without adopting any option have also been excluded from its membership.
According to the amendment of 2014, the benefit of higher pension will be available only to the Employees’ Provident Fund Organisation, who exercise the option!
How to get the benefit of higher pension
According to the Employees’ Provident Fund Organisation, to get the benefit of higher pension, eligible pensioners will have to submit an application by visiting their respective regional EPFO (EPFO) office. For this, you will have to take the completely filled application form and related documents with you.
Proof of option u/s 26(6) of EPF Scheme
Proof of option u/s 11(3) certified by the employer
Proof of amount deposited (Proof of deposit in Pension Fund on salary above Rs. 5,000 or Rs. 6,500 salary limit)
Written proof of denial from APFC, Employees’ Provident Fund Organization or any other
Who is eligible to get higher pension: EPFO Higher Pension 2023
As per the circular, only those employees are eligible for higher pension! Those who have compulsorily contributed higher salary under the Employees Provident Fund (EPF) scheme! And has exercised his option for higher pension before his retirement. Is !
or on the request of the pensioner or the account holder to do so. It was categorically rejected by the Employees’ Provident Fund Organisation!
This is for those employees who have contributed EPS at the time of their employment (before September 1, 2014). While a member! Has contributed for pension in excess of the salary limit of Rs.5000 or Rs.6500.