EPFO Circular on Higher Pension: The Employees’ Provident Fund Organization (EPFO) has announced an online facility to validate joint options for pensioners. The facility is available until May 3, 2023, and requires employees to submit an application for validation of joint options. The EPFO has also provided guidelines for employers to submit wage details and other required information.
Here are some important points of EPFO Circular on Higher Pension to understand:
The EPFO circular on higher pension is regarding the online validation of joint options for pensioners. The EPFO released this circular on 23/04/2023.
The EPFO circular on higher pension released reference no. of Pension/SupremeCourt/ judgement/HPM/2022/406 dated 23/04/2023.
The circular states that retired employees who retired prior to September 1, 2014, and those who were members on September 1, 2014, can apply for validation of joint options.
The EPFO has provided a deadline of May 3, 2023, for submission of application forms.
The EPFO will scrutinize the information and wage details submitted by the employer, and verify them with the data available with the field offices.
If the details match, the dues will be calculated and an order will be passed for depositing or transferring the dues. If there is a mismatch, the same will be informed to the employer and the employee or pensioner, and they will be given one month to complete the information.
The employer will be given an opportunity to provide additional proof or evidence or correct any mistakes or errors before any rejection.
Incomplete or erroneous information will be communicated to the employer for correction within one month. If complete information is not received within one month, the order will be passed on merit.
Any grievances can be registered on EPFiGMS under the specified category of higher pension with reference to the Supreme Court Judgment dated November 4, 2022. All such grievances shall be addressed and disposed of at the level of Nominated Officer.
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In Summary
EPFO Circular on higher pension is good news for retired employees and pensioners who can now validate their joint options online. The EPFO has provided a deadline of May 3, 2023, for submission of application forms. Employers will be given an opportunity to provide additional proof or evidence or correct any mistakes or errors before any rejection.
The EPFO will scrutinize the information and wage details submitted by the employer and verify them with the data available with the field offices. Any grievances can be registered on EPFiGNS under the specified category of higher pension with reference to the Supreme Court Judgment dated November 4, 2022.
