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EPFO extends deadline by 5 months for employers to upload details of those opting higher pension

by Nagoor Vali

Greater than 3.6 lakh purposes for validation of possibility/joint choices are nonetheless pending with the employers for processing.

EPFO (Workers’ Provident Fund Organisation) has prolonged the deadline by 5 months until Could 31, 2024, for employers to add wage particulars of these choosing larger pensions to its database. The retirement fund supervisor had earlier supplied all its subscribers with a web based facility for submitting purposes for validation of possibility/joint choices for pension on larger contributions. The deadline for employers to add wage particulars for a similar was December 31, 2023.

The upper pension possibility was supplied to eligible pensioners/EPFO members in compliance with the Supreme Courtroom order dated November 4, 2022. The web utility facility was launched on February 26, 2023, with an preliminary deadline of Could 3, 2023. Nevertheless, contemplating the representations from the staff, the deadline was prolonged to June 26, 2023, to offer full 4 months’ time to eligible pensioners/members for submitting purposes. 

One other 15 days got to candidates and the final date for submission of purposes for validation of possibility/ joint choices by workers was prolonged until July 11, 2023. As many as 17.49 lakh purposes have been obtained from pensioners/members until July 11, 2023.

In view of representations obtained from Employers & Employers’ Associations, whereby requests had been made to increase time interval for importing wage particulars of applicant pensioners/members, the employers had been additionally given additional interval of three months to submit wage particulars and so forth. On-line newest by September 30, 2023.

The deadline was later prolonged until December 31, 2023, after extra representations had been obtained from employers and employers’ Associations. Greater than 3.6 lakh purposes for validation of possibility/joint choices are nonetheless pending with the employers for processing, it acknowledged.

(With inputs from PTI)

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