26/02/2023
Dear Everyone,
Based on latest Circular issued by the Office of EPFO vide serial no. Pension/ 2022/ 56259/16541, dated February 20, 2023, directing that all members of EPS 95 who had not opted for higher pension in 2014 can now opt for higher pension. Following are the actionable point
Employees must have contributed to Provident Fund on higher wages under para 26(6) of the EPF Scheme, which means that the contribution to the Provident Fund is not limited to Wages of INR 5,000/- or INR 6,500/- as applicable from time to time AND
Were members of EPS 1995 before September 1, 2014, and continued to be the member on or after September 1, 2014
This is an optional scheme and Interested employees need to deposit the joint declaration form with EPFO authorities latest by 03rd Mar’2023.
Find attach forms in which the submission needs to be done along with copy of Aadhar, PAN and Cancelled CHQ
A request to opt for higher pension must be submitted to the Office of EPFO through the employer.
The request can be submitted through a registered speed post, and the information for submission of the request must also be shared through a registered email id with the EPFO with their office.
The right for approval and rejection of the application lies with EPFO authorities and they will intimate on the status of the application as received by their office in due time.
Amit Raj
097173 66685
