Higher pension from EPF deadline ends quickly: Key particulars it’s worthwhile to know

Higher pension from EPF deadline ends quickly: The Employees’ Provident Fund Organisation (EPFO) deadline to use for greater pension will finish tomorrow,  July 11, 2023. EPF subscribers who’ve nonetheless not utilized for rising their pension, ought to do it as quickly as doable. The retirement fund physique has already prolonged the deadline to use for a better pension thrice and one other extension will not be allowed.

Pension: Why EPFO prolonged June 27 deadline?

“The last opportunity of 15 days is being given to remove any difficulty faced by the eligible pensioners/members. Accordingly, the last date for submission of Applications for Validation of Option/Joint Options by employees is extended to July 11, 2023,” EPFO stated in an official launch on June 27.

Higher PF pension calculator

Employees can entry this calculator from the Member Sewa portal of the EPFO, by clicking on the pension software hyperlink. The calculator is offered below the Important Links head. To discover out the extra quantity for the upper pension, staff must know the date of becoming a member of the Employees’ Provident Fund (EPF) scheme, an worker must enter the wage quantity from the date of becoming a member of the EPF scheme or November 1995, whichever is later.

Higher pension from EPF: Documents required

You should maintain your Universal Account Number (UAN), Pension Payment Order (PPO) quantity for pensioners, proof of cost made to the EPF account above the wage ceiling restrict, and many others. are a few of the paperwork that you will want when filling out the net software kind.

An on-line facility has been made accessible by EPFO for submitting purposes for validation of choices/joint choices for pensions on greater wages. The facility was launched on February 26, 2023. 

As per EPFO, a complete of 16.66 lakh purposes for validation of possibility / joint choices have been obtained until June 26. 

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Updated: 10 Jul 2023, 02:05 PM IST