Higher Pension: In an attempt to get higher pension under the Employees’ Pension Scheme 1995 (EPS-95, over 1.20 lakh people have applied online till 9 march 2023, according to the data that was submitted to the parliament on March 16. It is noted that last year in November, the apex court had asked the Employees’ Provident Fund Organisation (EPFO)to give the time of 4-month to subscribers and pensioners to contribute on their basic salary towards EPS-95.
Check eligibility, procedure of application
If you are also interested in applying for the same then this article is useful for you. Know how you can proceed with your application and your eligibility for the application as well.
Eligibility details
A Person should must have retired before 01/09/2014.
The Employees should have made a contribution above the maximum limit of Rs 5,000 or Rs 6500 per month.
He/ she should must have submitted a joint declaration with their employer for opting higher pension contribution
To get the benefit of higher pension scheme one should must be a member of Employees’ Pension Scheme (EPS) for minimum 10 years and should reach the age of 50 or 58 years
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Here are the steps to apply for higher pension
First, the employees are required to fill the joint option/ higher pension claim application, as as specified by the concerned Regional Provident Fund Commissioner (RPFC). Also employees can fill the application online through official website and following these steps
Open the official website of EPFO unified member portal https://unifiedportal-mem.epfindia.gov.in/
Select the Application form for joint option’
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Select the ‘Validation of joint options who retired before 01.09.2014 and exercised joint option’. (if you have retired before 2014).
If you have retired after 2014) click on ‘Exercise of joint option for employees who were in service prior to 01.09.2014 and continued to be in service 01.09.2014 but could not exercise the joint option’.
Fill all the required details in application and finally click the submit button.
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