Deadline Approaching: Act Now For Higher Pension Benefits From EPF Scheme

The deadline to avail of higher pension benefits from the Employees' Provident Fund (EPF) scheme is fast approaching. The opportunity to secure a higher pension is set to end soon, urging eligible individuals to take action before it's too late. If you haven't yet, you must act quickly if you want the higher pension from the Employees' Pension Scheme (EPS). The deadline to submit an application is Monday, June 26, 2023.

Recently, numerous questions about the calculation and documentation were cleared up by the Employees' Provident Fund Organisation (EPFO). Ahead of the deadline, candidates are scrambling to finish the registration process. Here is the process for submitting an application for a higher pension before the deadline.

Who can opt for higher pension from EPS?

The Supreme Court ruled that only two categories of employees are qualified to qualify for the higher pension from EPS:

• Individuals who, as of September 1, 2014, were EPF and EPS members and remained so after that date
• A higher pension was previously chosen by retirees who retired before September 1, 2014, but their applications were turned down by the EPFO authorities.

They are not permitted to choose a greater pension if an employee or pensioner does not meet these requirements. To give one example, no employee who joined the EPF and EPS system after September 1, 2014, is qualified to request a larger pension.

Documents required-

• Universal Account Number (UAN0
• Pension Payment Order (PPO) number
• Proof of payment made to the EPF account.

How to apply for higher pension?

• Go to https://unifiedportal-mem.epfindia.gov.in/memberinterface/ to access the Member E-Swea portal.
• Select "Pension on Higher Salary" option
• To obtain the Aadhar-based authorization pin, provide the necessary information. You must provide your UAN, Name, DOB, Aadhaar, and captcha for your cellphone number in order to do that.
• After confirming your identity, you will be taken to the third stage, where you must provide all personal and PF-related information.
• Upload the required documents
• Finally, accept the declaration and submit an application.
• An acknowledgement number will be generated after the application is submitted, and this number will be required in any subsequent communications.