Last chance to get more pension, EPFO portal is troubling
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Applicants have faced many problems. According to experts, due to this confusion, the application deadline should be extended again. However, its chances are slim as it has already been extended twice.
Let us tell you that on November 4, 2022, the Supreme Court had given an important decision regarding higher pension. For this, it was asked to choose a new option within four months. Later this deadline was extended from March 3 to May 3, 2023. An online facility has been created for this. But there is confusion about how the pension will be calculated. Also, the process of transferring money from PF fund to pension fund is also not clear. In such a situation, there is confusion among those who choose it.
Several representatives of the employees’ organizations had requested the EPFO to extend the deadline. Keeping this in mind, it was decided to extend the deadline for applying online for higher pension till June 26.
EPFO has given an option to the employees who opened PF account after September 1, 2014 to choose higher pension through EPS. Under this, those earning more than 15,000 will also now be given the opportunity to contribute 8.33 per cent to EPS, so that they can get more pension after retirement.
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