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Delhi: The Employees Provident Fund Organization (EFPO) has extended by 3 months the last date for employers to submit details of salary and allowances of employees opting for the higher pension option. The last date for validating the common form for opting for higher pension was ending on September 30. Now the employing companies can submit the details of salary and allowances of the employees till 31st December.
The Labor Ministry said in a statement that employers and employers’ unions had urged the ministry to extend the deadline for uploading salary details of applicant pensioners/members. For verification of salary and allowances, 5.52 lakh applications are pending with employers till September 29, 2023. After considering this request, the EPFO Board Chairman has extended the deadline for employers to submit salary details etc till December 31, 2023, the ministry said.
This is the case
In March 1996, a provision was added in paragraph 11(3) of EPS-95. In this, EPFO members were allowed to increase their pension contribution up to 8.33% of their full salary (basic + dearness allowance). That means they were given a chance to get more pension.
EPFO had given employees only six months to fill the joint option form for higher pension contribution. Meanwhile, many employees could not file the joint option form. He reached the Supreme Court. The Supreme Court in one of its judgments had ordered the government to give an opportunity to these employees to fill the common option form.
Earlier, the Supreme Court in its order dated November 4, 2022 said that EPFO will have to give four months time to all eligible members to opt for higher pension. This four-month period ended on March 3, 2023. Since then this time limit is being extended.
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