EPFO Pension Scheme 2023 Apply Date Extended

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EPFO Pension Scheme: According to the recent press release by EPFO, the deadline for applying for a higher EPFO Pension Scheme has been extended from 26 June 2023 to July 11, 2023. This extension gives employees one last chance to submit their joint application form for an increased pension from EPS. To qualify for the higher pension based on their wages, employees must ensure that the application form is submitted within 15 days. Additionally, the press release states that employers have been given a three-month window to upload wage details online.

How to Apply for Higher EPFO Pension Scheme?

Here are the steps on how to apply for a higher EPFO Pension Scheme:

Go to the EPFO Unified Member portal (https://unifiedportal-mem.epfindia.gov.in/memberinterface/).
Click on the “Pension on Higher Salary: Online application for validation of Joint Option” option.
Enter your UAN, name, date of birth, Aadhaar number, and Aadhaar-linked mobile number.
Enter the OTP that is sent to your mobile number.
Fill in the details of your employer.
Click on the “Submit” button.

The EPFO will digitally register your application and provide you with a receipt number. The application will then be forwarded to your employer for verification. Once your employer has verified your application, the EPFO will process it and you will be notified of the decision.

Documents Required for EPFO Pension Scheme

Here are some of the documents that you may need to apply for a higher EPFO pension:

Your UAN card
Your Aadhaar card
Your PAN card
Your latest salary slip
Your retirement certificate (if applicable)

The deadline to apply for a higher EPFO Pension Scheme was June 26, 2023. However, there are some exceptions to this deadline. For example, employees who retired before June 26, 2023, but had not yet applied for a higher pension, can still apply. Additionally, employees who were unable to apply for a higher pension due to extenuating circumstances can also apply after the deadline.

Who is Eligible to Apply for Higher EPFO Pension Scheme?

The following are eligible to apply for a higher EPFO Pension Scheme:

Employees who were members of the EPS before September 1, 2014, and continued to be a member on or after that date.
Employees and employers who had contributed on salary exceeding the standard wage ceiling of ₹5,000 or ₹6,500.

Additionally, employees who were unable to apply for a higher pension due to extenuating circumstances can also apply after the deadline. To apply for a higher EPFO Pension, you will need to fill out a joint option form with your employer. The form can be found on the EPFO website. Once you have filled out the form, you will need to submit it to your regional EPFO office. The amount of your higher pension will be calculated based on your salary and the number of years you have contributed to the EPS.

The maximum pensionable salary for the higher pension scheme is ₹21,000 per month. If you are eligible for a higher EPS pension, I recommend that you apply as soon as possible. This will ensure that you receive the maximum pension possible. Here are some additional things to keep in mind about the higher EPS pension scheme:

You can only choose to contribute to the higher pension scheme if your salary is more than ₹15,000 per month.
If you choose to contribute to the higher pension scheme, your employer will also have to contribute an additional 8.33% of your salary.
The higher pension scheme is optional, so you do not have to participate if you do not want to.