The Employees Provident Fund Organization (EPFO) has issued a circular on 29 th December, 2022, to accept or obey the Supreme Court’s decision on higher pension considering those who are permitted and eligible employees.
The circular issued a direction on eligibility criteria for employees to receive higher pension and also the detailed process to apply online.
Check the Eligibility Criteria to get Higher Pension According to EPFO
According to the criteria only those employees can apply for EPFO higher pension who contributed to higher wages as assigned under EPF scheme and have chosen the option for higher pension before retirement but the appeal was explicitly refused by the EPFO.
Therefore, these pensioners are allowed to apply for higher pension.
1. Working as employees had contributed on salary surpassing the then prevalent wage ceiling of Rs 5,000 or 6,500.
2. Exercised Joint option of the pre- amendment scheme by being a member of EPS- 95.
3. Employees who exercise mentioned option then also they get refused by the EPFO.
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How to Apply for Higher Pension
Permitted ex- employees needs to visit the EPFO office along with a duly- filled in application form and proper documents to apply for a higher pension.
Follow these Process –
1. The appeal will be made in such way as specified by the commissioners.
2. The application form for affirmation will carry the disclaimer as per the notification.
3. If share requiring adjustment be made from provident fund to pension fund and in case of re- deposit to the fund, then assent of the pensioner will be shown in the application form.
4. In the matter of transfer of funds from exempted provident fund trust to pension fund of EPFO, it is necessary to give the undertaking of the pensioners. The undertaking will present due contribution along with interest – till the date of payment, will be deposited within 3 rd March, 2023.
