NEW DELHIi: The Employees’ Provident Fund Organization on Tuesday prolonged the cut-off date for submission of joint choices for upper pension to June 26. The prolonged cut-off date may also observe to pre-2014 retirees to validate their programs for upper pension.
“The timeline is being extended to facilitate and provide ample opportunity to the pensioners / members so as to ease out any difficulty being faced by them. This has been decided after sympathetically considering the various demands received from employees, employers and their associations,” a commentary through the exertions ministry stated.
TOI has been highlighting the technical and operational difficulties candidates have confronted whilst making use of for the upper pension scheme. Some of the procedural complexities highlighted through TOI – such because the pension fund’s necessary prerequisite to post prior permission from EPFO to give a contribution to the provident fund on one’s exact elementary wage – have since been struck down through the Kerala HC.
Courts have additionally disregarded EPFO’s argument that workers of exempted trusts must no longer be eligible to go for upper pension.
EPFO stated it has won over 12 lakh programs until May 2. “Many representations have been received from various quarters seeking extension of time. The issue has been considered and it has been decided that in order to provide a larger window of opportunity and in order To enable all eligible persons to file their applications, the timeline for filing applications would now be till 26 June, 2023,” the pension fund supervisor stated.
The extension in cut-off date for software no longer most effective provides overtime to subscribers to synchronize their carrier historical past data, pf and pension account main points, but in addition provides the fund supervisor time to mend technical and operational problems confronted through subscribers whilst making use of during the on-line portal. Most importantly, the prolonged cut-off date provides EPFO time to transparent the air on the most important sides of the scheme like the process of deposit, components for computation of pension, passion acceptable from 2014 until now, and the alternative mechanism for 1.16%. EPS contribution through workers that was once struck down through the SC in its November 4, 2022 judgement.
At the Central Board of Trustees’ assembly ultimate month, EPFO had additionally promised to arrange assist facilities to lend a hand other people, particularly retired individuals who aren’t tech-savvy, in submitting their submissions. Such facilities are anticipated to be opened now.
“The timeline is being extended to facilitate and provide ample opportunity to the pensioners / members so as to ease out any difficulty being faced by them. This has been decided after sympathetically considering the various demands received from employees, employers and their associations,” a commentary through the exertions ministry stated.
TOI has been highlighting the technical and operational difficulties candidates have confronted whilst making use of for the upper pension scheme. Some of the procedural complexities highlighted through TOI – such because the pension fund’s necessary prerequisite to post prior permission from EPFO to give a contribution to the provident fund on one’s exact elementary wage – have since been struck down through the Kerala HC.
Courts have additionally disregarded EPFO’s argument that workers of exempted trusts must no longer be eligible to go for upper pension.
EPFO stated it has won over 12 lakh programs until May 2. “Many representations have been received from various quarters seeking extension of time. The issue has been considered and it has been decided that in order to provide a larger window of opportunity and in order To enable all eligible persons to file their applications, the timeline for filing applications would now be till 26 June, 2023,” the pension fund supervisor stated.
The extension in cut-off date for software no longer most effective provides overtime to subscribers to synchronize their carrier historical past data, pf and pension account main points, but in addition provides the fund supervisor time to mend technical and operational problems confronted through subscribers whilst making use of during the on-line portal. Most importantly, the prolonged cut-off date provides EPFO time to transparent the air on the most important sides of the scheme like the process of deposit, components for computation of pension, passion acceptable from 2014 until now, and the alternative mechanism for 1.16%. EPS contribution through workers that was once struck down through the SC in its November 4, 2022 judgement.
At the Central Board of Trustees’ assembly ultimate month, EPFO had additionally promised to arrange assist facilities to lend a hand other people, particularly retired individuals who aren’t tech-savvy, in submitting their submissions. Such facilities are anticipated to be opened now.