EPFO rolls out circular for SC ruling on higher pension for employees

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New Delhi: The Employees Provident Fund Organisation (EPFO) directed its field offices to follow a Supreme Court decision on higher pensions for employees who contributed on actual wages, but their request was denied.

The circular details the eligibility conditions and how employees can avail of higher pensions.

As per the latest circular, the EPFO directed its field offices to comply with the Supreme Court verdict permitting employees under the Employees Provident Fund Organisation (EPFO) to contribute more to the Employees’ Pension Scheme (EPS) so that they could receive a higher pension.

Are you eligible to receive higher pension:

Employees who contributed to higher pensions on actual wages and exercised their option prior to their retirement but were explicitly denied by the concerned office of the RPFC (Regional Provident Fund Commissioner).

The pensioners who as employees had contributed on salary exceeding the prevalent wage ceiling of Rs 5000/- or Rs 6500/-

Those who exercised a joint option under the EPS of the pre-amendment scheme while being members of EPS-95 and their exercise of the such option was declined by PF authorities.

How to apply:

1. The request will be made in such form and manner, as may be specified by the Commissioner.
2. The application form for validation will contain the disclaimer as ordered in the aforesaid government notification.

3. In case of share requiring adjustment from Provident Fund to Pension Fund and if any, re-deposit to the fund, the explicit consent of the pensioner will be given in the application form.

4. In case of transfer of funds from exempted provident fund trust to the pension fund of EPFO, an undertaking of the trustee shall be submitted. The undertaking shall be to the effect that due contribution along with interest-upto the date of payment, will be deposited within the specified period.

5. The method of deposit of such funds will follow through subsequent circulars.

6. Aforesaid application form must contain the following specified documents for evidence and for further processing:

  • Proof of joint option under Para 26(6) of the EPF Scheme duly verified by the employer; and
  • Proof of joint option under the proviso to erstwhile Para 11(3) duly verified by the employer; and
  • Proof of remittance in Provident Fund on higher wages exceeding the prevalent wage ceiling of 25000/6500; and
  • Proof of remittance in Pension Fund on higher wages exceeding the prevalent wage ceiling of <5000/6500, if any; and
  • Written refusal of APFC or any other higher authority of EPFO to such requests/remittance.

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