EPFO higher pension scheme: The Employees’ Provident Fund Organisation (EPFO) has extended the deadline to apply for a higher pension under the Employees’ Pension Scheme (EPS) to July 11. The social security organisation has clearly stated that this will be the last such extension. In other words, this is the last chance to opt for a higher pension. Those unable to apply by the due date may miss the opportunity to claim this.
Read More: How to check EPS membership status to get higher pension
Basics of application for higher pension
According to Economic Times, one must keep their Unique Account Number (UAN), Aadhaar card number, and Aadhaar linked mobile EPS numbers of all previous organisations handy. It is imperative to have the date of joining EPS and the date of exit from EPS for each organisation with you for the purposes of this application.
Radhika Viswanathan, executive director, Deloitte Haskins & Sells LLP, told ET that as a minimum requirement, an applicant must upload the joint request and undertaking of employer under paragraph 26(6) of the EPF Scheme, 1952, if it is available with them.
Read More: PPF Account: Check Features, Tax Benefits, Interest Rates Comparison With Bank FD
Additionally, while submitting the application for higher pension, uploading a copy of the PF passbook (as available), and a self-declaration stating that the member would pay the differential amount and interest through their last employer (in case of a shortfall) is essential.
Joint request proof
For those who do not have permission under para 26(6) of the EPF scheme, the EPFO has allowed the submission of the joint option application without mandating such proof. Vaibhav Bhardwaj, Partner, IndusLaw, listed out certain alternative documents that can be submitted in this regard:
Read More: How to check EPF balance using UAN number on Umang App: A step-by-step guide
- Wage details presented by the employer with applications for validation of joint options.
- Any authenticated salary slip/letter from the employer.
- Copy of joint request and undertaking from the employer.
- Letter from the PF office issued before November 4, 2022, indicating PF contribution on higher wages.
“In the absence of alternate documentary proof, the PF passbook could be uploaded to substantiate the fact that PF was contributed on higher wages, as prescribed,” Viswanathan told ET.
