New Delhi: In a big news for the employers who were in the process of validating the joint options of employees for higher provident fund pension, the central governmnet may just extend the last date, that is, September 30, as per a report in The Hindu. Employers have requested the Union Labour Ministry for another extension, citing technical issues with the EPFO website and difficulty accessing employee employment details. The current deadline for submitting validated applications is September 30.
Read More: VPF vs EPF: What is the difference? Which one will give you a higher interest rate?
EPFO May Extend Deadline
EPFO may extend deadline for employers to validate joint options for higher PF pension by three months. The Union Labour Ministry is considering the requests of employers and is likely to take a lenient view, the report said. The last date for submitting joint options for employees was July 11.
EPFO opened online portal for employees to apply for higher PF pension on February 26, 2023, as ordered by the Supreme Court. The deadline to submit joint options was May 3, but employers are now seeking an extension.
The Employees Provident Fund Organization (EPFO) launched an online portal on February 26, 2023, to allow employees to apply for a higher pension, as mandated by a Supreme Court ruling. The deadline to submit joint options was originally May 3.
Read More: Voluntary Provident Fund (VPF): High-interest rate, tax rebate under 80C, and other benefits
Who Can Apply For A Higher EPF Pension?
Only two groups of employees are eligible to apply for a higher pension from EPS:
- Employees who were members of EPF and EPS on September 1, 2014, and remained so after that date.
- Employees who retired before September 1, 2014, and had opted for a higher pension but had their applications rejected by EPFO officials.
Read More: EPFO: New employee? Know how to link your mobile number with your EPF UAN?
How To Correct Errors In Your EPFO Application Online
- Delete the existing application form.
- Fill out a new application form with the correct information.
- Only use the “Delete Application” button if your employer has not yet started processing your application.
Key points to remember:
- You can only delete your application form if there are errors.
- You can only submit a new application form if your employer has not yet started processing your original application.
