EPFO Confirms Higher Pension for 22,000 Members:Â The Employees' Provident Fund Organisation (EPFO) has approved higher pensions for 22,000 members. A total of 21,885 Pension Payment Orders (PPOs) have been issued. At the same time, 1.65 lakh eligible members have been asked to pay an additional amount to qualify for the higher pension.
As of January 28, 2025, nearly 17.5 lakh applications were received from members and pensioners seeking higher pension benefits. The government informed Parliament that demand notices for extra payments were sent to 1,65,621 cases.
Shobha Karandlaje, the Minister of State for Labour & Employment, assured that pending applications are being closely watched. She added that steps have been taken to speed up the process.
The higher pension scheme is being implemented following the Supreme Court's ruling on November 4, 2022.
To help members, EPFO launched an online system for submitting pension applications. This online facility started on February 26, 2023, and the deadline for employers to submit joint applications was extended several times. The final date to submit applications is now set for January 31, 2025.
To check the status of your application, follow these steps:
EPFO Pension Scheme
The EPFO pension scheme helps workers get money after they retire, once they turn 58 or decide to stop working. Both the employee and the employer put money into this pension plan to make sure the employee has enough savings for retirement.
The EPS 95 scheme is for everyone who is part of the EPF, whether they joined recently or a long time ago. This scheme offers a higher pension and guarantees a minimum pension of Rs.1000 to Rs.2000 a month. In November 2022, after a decision by the Supreme Court, more people started joining the scheme because they wanted a better pension.
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