Under the Supreme Court order dated November 4, 2022, EPFO had offered the higher pension option to eligible pensioners/EPFO members. The deadline for its application has been extended several times.
EPFO News: The Employees’ Provident Fund Organization (EPFO) has extended the deadline for employers to upload salary details of employees opting for higher pension in its database till May 31. Giving this information in a statement, the Labor Ministry said that the Chairman of the Central Board of Trustees of EPFO has decided to extend the deadline for employers to upload the relevant details.
Earlier, employers were given time till December 31, 2023, to upload the salary details of employees who opted for higher pension on higher contribution. The Employees’ Provident Fund Organization (EPFO) had provided an online facility to all its subscribers to submit applications for opting for higher pension at higher contribution/combined option.
Court order in 2022
Let us inform that under the order of the Supreme Court dated November 4, 2022, EPFO had offered higher pension option to the eligible pensioners/EPFO members. The online application facility was started on February 26, 2023, which was extended twice till July 11.
During this period, 17.49 lakh applications were received from pensioners and existing employees to opt for more pension. After this, employers were given time till September 30 to upload the salary details of their interested employees. Later it was extended till 31 December.
EPFO figures: Last December, EPFO had released payroll figures. These figures showed that it added 15.29 lakh members on a net basis in October. This figure is 18.22 percent more on annual basis. Of the total 7.72 lakh new members added during the month of October, about 2.04 lakh are women members, who have joined EPFO for the first time.
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