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EPFO has once again extended the last date for processing and uploading details under the Higher EPS Pension Scheme till January 31, 2025. This date has been extended several times before. According to EPFO, more than 3.1 lakh applications are still pending for verification.
EPFO has once again extended the last date for processing and uploading details under the Higher EPS Pension Scheme till January 31, 2025. This date has been extended several times before. According to EPFO, more than 3.1 lakh applications are still pending for verification. Along with this, many employers and employer associations have requested for more time. EPFO said employers should update information or respond to those 4.66 lakh cases by January 15, 2025. In this EPFO asked for additional information.
What is Higher EPS Pension Scheme?
Individuals who were EPF members before 31 August 2014 or had retired by that date. They can opt for a higher pension based on their basic salary. That means till now this limit was Rs 6,500 or Rs 15,000. By contributing more than that salary, one can get a pension based on the basic salary at the time of retirement. Only those EPFO members who have completed 10 years of service are eligible for this. They can apply for higher EPS pension under EPS 95.
Follow these 6 ways to apply for a higher pension:
- Go to EPFO portal. You will get the option of Pension on Higher Salary on the portal, click on it.
- Fill up the application form. Select “Valid Joint Option” option and fill the required information.
- Fill the personal information like Name, Date of Birth (DOB), Aadhaar Number, Mobile Number and Captcha. Submit OTP.
- After verification, all the information related to PF will have to be filled.
Get Acknowledgment Number of Application Acknowledgment
After the application is submitted, the application will be reviewed by the Field Officer.
This is the eligibility
For normal pension the member must be at least 58 years of age. Apart from this, if the age of the member is at least 50 years then he can take early pension. If you have applied for higher EPS pension, you can track the status of your application on the Member Services Portal of EPFO. For this you must have the application acknowledgment number.