The deadline to submit the application is till May 3...
The organization (EPFO) has issued new details for scrutiny of information and wage details.
On April 23 the EPFO issued a circular in which it stated that for higher pension the applications and joint options will be examined by the field office. When the requirements are complete, the details submitted by the employer the wage details will be verified with the data available with the field offices.
Under the EPS, to submit the application for the higher pension the deadline is till May 3.
According to Amit Gupta, MD, SAG, Infotech, EPFO in India is not able to explain any reason for the issue of a rise in pension explanations. A notification published by the EPFO stating that the member was responsible for establishing eligibility and that the process for asking for a higher pension was not automated.
However, the announcement was vague regarding the eligibility requirements and the process for verifying eligibility, which led to members' confusion.
It's necessary to submit documents for an eligible employee must include an agreement to allow the transfer of funds from the provident fund, proof of the employer's share in the provident fund on higher wages exceeding the standard wage ceiling of Rs.5,000/ Rs.6,500, and a joint option form with a declaration from the employer and employee for a higher contribution to the EPS as high as 8.33% of the actual wages in the future, said Amit Gupta, MD, SAG Infotech.
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